ECB orders record shrinkage of Bundesbank credit creation

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• Princes of the Yen whole source · open book

  It ordered the Bundesbank to shrink its credit creation by record amounts in 2002. As the amount of money circulating in the economy shrank, demand fell and the economy moved into recession.

  chapter: 19. The Revival of the Reichsbank

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• Richard Werner author of the source

Appears in 5 stories

• From Bretton Woods to the euro: monetary regimes around Japan step 13
• Paper money, central banks, and credit creation step 64
• Princes of the Yen: Japan built, bubbled, and broken step 313
• Quantitative easing begins in Japan step 23
• Reichsbank: independence, hyperinflation, and Hitler step 27

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