EUR.INST: Central Bank Politics Under the Conditions of Ethnical Diversity. The Institutional Arrangements of the Austro-Hungarian Monetary Union, 1867-1914

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                ABSTRACTS IN ECONOMIC HISTORY
                     (c) 2001 EH.Net
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Name: Univ.-Doz. Dr. Juergen Nautz
Email: juergen.nautz@t-online.de
Institution: Kassel University

Co-author: none

Title: Central Bank Politics Under the Conditions of Ethnical
Diversity. The Institutional Arrangements of the Austro-Hungarian
Monetary Union, 1867-1914

Internet Address of abstracted work: not available

By mail:
Kassel University
Law and Economics
Nora-Platiel-Strasse 5
D-34109 Kassel
Germany

Phone: +49-5609-808682
Fax: +49-5609-808684

Language: German and English

Abstract:
Economic history can offer an independent contribution to the
analysis of the conditions of success and the mode of action of
different types of monetary integration. Up to now, the debate about
the functional mechanisms of monetary unions in the real world has
ignored the Habsburg Monarchy. The Monarchy was not only a customs
union and a single market with well developed trade, capital and
service relations, it was also a currency union with a joint national
bank and a joint monetary policy. The paper deals with: Expectations
for the new currency regarding competitivness and opportunities of
participation for social groups within Habsburg Monarchy; The
construction of the union's order as a determinant or as a condition
for success, as well as its conflict potential; and Mechanisms for
mastering conflicts in monetary unions including rules for exit,
crisis management, flexibility of the order, etc.

Bibliography: Nautz, Juergen. "Central Bank Politics Under the
Conditions of Ethnical Diversity. The Institutional Arrangements of
the Austro-Hungarian Monetary Union, 1867-1914." MS, Kassel 2000/1,
available in German and English.

Nautz, Juergen and Nagel, Bernhard: Ethnische Konfliktlagen und
Monetäre Integration, Passagen Verlag, Wien 1999.

Subject: H,I,L,W,X
Geographical Area: 4
Country/Region: South-East Europe, Central Europe, Austria-Hungary,
CSR, Yougoslavia
Time Period: 7,8

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