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"Money Supply" - Theory and Policy -
(Text in German)
The author develops a theory of the money supply for the special German institutional environment. This is important for understanding monetary policy in Germany and for an evalution of particular details of German monetary policy institutions. This understanding should help in the dicsussion about a new institutional framework for future European monetary policy. A central question is how much of the German monetary system should be integrated into the new European institutional framework of monetary policy.