The German Currency Union of 1990

A Critical Assessment

  • Stephen F. Frowen
  • Jens Hölscher

Table of contents

  1. Front Matter
    Pages i-xxi
  2. The Dimensions of German Economic Unification: Keynote Address

  3. International Consequences

  4. Monetary Policy and Goods Markets

  5. The Role of Monetary Policy Reconsidered

  6. Back Matter
    Pages 257-269

About this book


The book assesses the most exciting experiment in modern economic history - the German currency union of 1990 - on three levels. Firstly the international consequences are analysed utilising different paradigms of monetary theory. These controversial results lead to a closer look at the relationship between monetary policy and production in Germany, and thirdly, the book concludes with a reconsideration of the old economic question, whether money matters, applied to the German case.


economic history growth monetary policy monetary theory monetary union money production

Editors and affiliations

  • Stephen F. Frowen
    • 1
  • Jens Hölscher
    • 2
  1. 1.Department of EconomicsUniversity College LondonUK
  2. 2.Institute for German StudiesUniversity of BirminghamUK

Bibliographic information