Just a test post. I am testing out a few new functions in my software that generates the static content for this weblog: The Gallery function is now live and shows a snapshot of all images that have been posted on this site.
The Bundesbank and its mandate
Linked here is a very interesting account on the Bundesbank and their actions in the early 1990s. This was at a time when the European Exchange Rate Mechanism (ERM) was being tested by financial markets resulting in the United Kingdom having to float their currency (and leave the ERM). It contains some very interesting thoughts that may be more relevant now than in the decades since the article was written.