- Tytuł:
- Insufficient Data, Short Time Spans, Illusions and Multiple pressures: Designing the German Monetary Union in 1990
- Autorzy:
- Wolfgang, Zank
- Powiązania:
- https://bibliotekanauki.pl/articles/557826.pdf
- Data publikacji:
- 2019-03-22
- Wydawca:
- Uniwersytet Ekonomiczny w Poznaniu
- Tematy:
-
Decision-making processes
GDR economy
German monetary and economic union
German reunification
transition to market economy - Opis:
- The German unification in 1990 generated many benefits, but also many disappointments. After the introduction of the monetary union between the GDR and West Germany on 1 July 1990, the East German industry collapsed, and mass unemployment became persistent. Ever since the modalities of the monetary union have been discussed controversially. This paper reconstructs the decision-making processes and negotiations towards monetary union. To a high extent, this reconstruction is based on original documents. Early on in Bonn a consensus was reached that monetary union had to be introduced soon, the rapid decline of the GDR making stepwise approaches impossible. Many officials were aware of the detrimental effects of a 1:1 conversion of the wages. But few dared to go against the widespread demands for 1:1 in the GDR population and government, not the least because of over-optimistic promises before the elections in the GDR in March 1990.
- Źródło:
-
Economics and Business Review; 2019, 5 (19), 1; 53-78
2392-1641 - Pojawia się w:
- Economics and Business Review
- Dostawca treści:
- Biblioteka Nauki
Artykuł