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Warm hands, cold heart

Article Abstract:

The European exchange-rate mechanism was in danger of collapsing after the German central bank refused to lower interest rates, fearing such a move would increase Germany's already high inflation. The move may backfire on Germany if it causes another currency crisis.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1993

Europe, Economic aspects, Interest rates

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Measly Germans

Article Abstract:

Interest rates will remain high in 1993 despite the recessionary Germany economy. The Dec 10, 1992 Bundesbank council meeting ignored pleas from major financial institutions for 6-8% M3 growth and adopted a 4.5-6.5% policy.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992

Monetary policy, Schlesinger, Helmut

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Subjects list: Germany, Economic policy, Deutsche Bundesbank

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