Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/301989 
Title (translated): 
The Cooperation between Central and Commercial Banks after the Breakdown of the Bretton Woods Monetary System
Year of Publication: 
2024
Citation: 
[Journal:] Vierteljahrschrift für Sozial- und Wirtschaftsgeschichte (VSWG) [ISSN:] 2365-2136 [Volume:] 111 [Issue:] 3 [Year:] 2024 [Pages:] 390-412
Publisher: 
Franz Steiner Verlag, Stuttgart
Abstract (Translated): 
This article looks at the hitherto little-studied transatlantic cooperation between central and commercial banks after the "Nixon shock" of August 1971 and investigates the specific areas and dimensions of their interactions. Using the example of Deutsche Bank and its board member Alfred Herrhausen, this study shows that in search for a new, rules-based world monetary order the internationally active commercial banks not only engaged in a lively exchange of information and opinions, but also increasingly in market-related interactions with the central banks of Europe, the USA and Japan. Accordingly, in future more attention should be paid to commercial banks as independent actors in monetary policy than has been done so far by research in economic history and economics.
Subjects: 
Central banks
commercial banks
international monetary cooperation
German-American Industry Talks
International Monetary Conference (IMC)
Bank for International Settlements (BIS)
JEL: 
N20
F02
F33
E58
G15
G21
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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