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The Deutsche Bundesbank is one if the world's most powerful and successful central banks, outstanding for its independence in the conduct of monetary policy and for its success in the achievement of relative price stability virtually throughout the post-war era. This collection of essays by the President of the Bundesbank, by former and present board members and by heads of departments within the Bundesbank offer a rare insight into its operations from the inside. The individual contributions to this volume explain the historical, legal and institutional basis of German internal and external monetary policy and highlight the goals of the German central bank and its role in the economy as a whole. The functions of the Deutschmark as one of the leading investment currencies are discussed in some detail by the only non-Bundesbank contributor to this volume.