Freytag, Andreas; Schnabl, Gunther - In: Credit and Capital Markets – Kredit und Kapital 50 (2017) 2, pp. 151-169
The paper analyses the effects of monetary policy crisis management of the European Central Bank on the economic order of Germany. It is argued that in post-war Europe the German social market economy as designed by Eucken (1952) and Müller-Armack (1966) has been a core element of growth,...