The Evolution of the Deutsche Mark as an International Currency

Carola Gebhard

Chapter 10 in Inside the Bundesbank, 1998, pp 139-173 from Palgrave Macmillan

Abstract: Abstract The Deutsche Mark is one of the major currencies in the international monetary system. It is the principal reserve currency after the US dollar and a very attractive currency for domestic and foreign investors. Increasingly the world’s trading and financial relationships are structured around the three pillars of the US dollar, Deutsche Mark and Yen.

Keywords: Monetary Policy; Foreign Exchange; Trade Credit; Foreign Exchange Market; Reserve Currency (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-26476-6_10

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DOI: 10.1007/978-1-349-26476-6_10

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