Dickhaus, Monika. (1995) "German Policy Towards Europe and the Question of Convertibility". In: UNSPECIFIED, Charleston, South Carolina. (Unpublished)
Abstract
This paper examines German ideas and attitudes as regards a post-World War II peace settlement. Putting the stress on monetary and economic issues I will analyze German reactions to the proposals put forward in the course of time and I will investigate into the role the FRG and above all its monetary authority, the German Central Bank (Bank deutscher Lander (BdL) until 1957; Deutsche Bundesbank from 1957 onwards) played in bringing about a new monetary and economic order. Since, however, in the post-war period economics and politics were inseparably linked I will also comment on political issues. The paper is structured as follows. First, I will specify the tasks ahead and discuss shortly the plans under consideration and the possible options. Second, I will comment briefly on the historiography or German foreign economic policy, thus putting the following into place. In the main part I will analyze the stance the German Central Bank took when facing the question of a monetary and economic peace settlement. However, I will not only deal with the attitudes of the German Central Bank and thus German financial circles. In addition, I will include in the analysis how other circles reacted to the Bank's opinions. Thus I will be able to specify the role the Bank could play inside the German policy making process as well as elucidate the attitudes of other actors not considered extensively, such as German industrial circles as represented by the Bundesverband der Deutschen Industrie.
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