The Bundesbank Myth

Towards a Critique of Central Bank Independence

  • Jeremy Leaman

About this book


Until recently, central bank independence was confined to just two major capitalist countries: the USA and Germany. As a result of stagflation and the voguish espousal of neo-liberalism in the 1980s, the institution has been adopted in most OECD and in many other countries. This book questions the principle of autonomy, examining the Bundesbank in historical context and exposing the flaws in both the technical and the political case for the wholesale adoption of the Bundesbank model by other states.


bank Germany monetarism money Stagflation

Authors and affiliations

  • Jeremy Leaman
    • 1
  1. 1.Department of European StudiesLoughborough UniversityUK

Bibliographic information