TY  - BOOK
AU  - Goodman,John B.
TI  - Monetary Sovereignty: The Politics of Central Banking in Western Europe 
T2  - Cornell Studies in Political Economy
SN  - 9781501736704
PY  - 2019///]
CY  - Ithaca, NY : 
PB  - Cornell University Press, 
KW  - General Economics
KW  - Political Science & Political History
KW  - POLITICAL SCIENCE / Political Economy
KW  - bisacsh
KW  - money
N1  - Frontmatter --; Contents --; Tables and Figures --; Preface --; 1. Politics, Economics, and Central Banking --; 2. The Rise of Central Banking in Germany, France, and Italy --; 3. The Deutsche Bundesbank and the Politics of Stability --; 4. The Banque de France and the Politics of Facility --; 5. The Banca d’ltalia and the Politics of Institutional Change --; 6. Toward a European Central Bank --; 7. Domestic Politics and Financial Integration --; Appendix. A Statistical Overview of Macroeconomic Conditions in Germany, France, and Italy, 1973-1990 --; Index; restricted access
N2  - Monetary policy lies at the critical intersection between national sovereignty and economic interdependence, and it is central banks that exercise responsibility for the conduct of monetary policy. In this lucid and informative book, John Goodman illuminates both the role of the central banks and the complex politics of monetary policy in Germany, France, and Italy.Goodman traces the development and analyzes the operations of the Deutsche Bundesbank, the Banque de France, and the Banca d'Italia. Drawing on over one hundred and fifty interviews with central bankers, government ministers, and business executives, he examines the process of monetary policy-making in each country since the collapse of the Bretton Woods system of fixed exchange rates in 1973. Goodman shows how variation in the degree of central bank independence—the result of distinctive historical forces—creates persistent differences in monetary policy across countries. Financial interdependence, which has reached a high point in Europe, drives the convergence of national policies over time. Together, he argues, the dynamics of central bank independence and financial interdependence are shaping future prospects for monetary integration in the European Community
UR  - https://doi.org/10.7591/9781501736704
UR  - https://www.degruyter.com/isbn/9781501736704
UR  - https://www.degruyter.com/document/cover/isbn/9781501736704/original
ER  -