The History of the Bundesbank fills a marked gap in research literature; no other book exists which thoroughly considers the important lessons to be learned from the Bundesbank for the European Central Bank.

Introduction Jakob de Haan 1. Introductory remarks on 50 years of Bundesbank: lessons for the ECB André Szász 2. How independent is the Bundesbank really? A survey Philipp Maier and Jakob de Haan 3. The Bundesbank's reaction to policy conflicts Helge Berger and Friedrich Schneider 4. From low inflation to price stability in Germany: measurement, costs and benefits Karl-Heinz Tödter and Gerhard Ziebarth 5. Credibly conservative monetary policy and labour-goods-market organisation: a review with implications for ECB-led monetary policy in Europe Robert J. Franzese, Jr. 6. Monetary policy of the ECB: strategy and instruments Sylvester C.W. Eijffinger 7. The European central bank as a new institution and the problem of accountability Otmar Issing

Jakob de Haan is Jean Monnet Professor and Director of the research school Systems, Organisation and Management at the University of Groningen, The Netherlands