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1 results

  • 1 - In Search of the Reichsbank

  • Simon Mee
  • Book:
    Central Bank Independence and the Legacy of the German Past
    Published online:
    13 September 2019
    Print publication:
    12 September 2019, pp 33-89

  • Summary

    The chapter examines the evolution of the Reichsbank, from its establishment in 1876 until the departure of key figures of the directorate in 1939. It devotes particular attention to the record of central bank independence during the inter-war era, and the careers of those Reichsbankers who went on to lead the post-war central bank. The chapter argues that the origins of monetary mythology can be traced back to the Nuremberg trials, where a form of it was first applied in defence of Schacht amid efforts to sanitise both his record and the conduct of the Reichsbank under his tenure.