German Monetary Union, the Bundesbank and the EMS collapse

Carsten Hefeker

BNL Quarterly Review, 1994, vol. 47, issue 191, 379-398

Abstract: The recent collapse of the European Monetary System (EMS) is a setback in the move towards European economic and monetary union (EMU). Two major causes have been identified for one crisis in the EMS in September 1992 and its subsequent collapse on 2 August 1993: German reunification and the effects of the Maastricht Treaty. The active role of the German Bundesbank in the collapse of the EMS is examined.

Keywords: EMS; EMU; German reunification; Bundesbank (search for similar items in EconPapers)
JEL-codes: E50 F02 (search for similar items in EconPapers)
Date: 1994
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