Abstract
In the postwar years West Germany experienced rapid economic growth and currently stands as the world’s third largest economy with a Gross National Product of DEM 2500 billion. In 1945 the Central Government of Germany was freed from its debts which amounted to DEM 380 billion. As a consequence there was no major public sector debt until the late 1960s and until the mid 1970s the state was a net creditor to the private sector.
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© 1991 Palgrave Macmillan, a division of Macmillan Publishers Limited
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Corrigan, D., Pohlmann, M. (1991). Introduction. In: Bunds and Bund Futures. Finance and Capital Markets Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-12838-9_1
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DOI: https://doi.org/10.1007/978-1-349-12838-9_1
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-56987-0
Online ISBN: 978-1-349-12838-9
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