by David Marsh ‧ RELEASE DATE: Oct. 1, 1993
A savvy audit of the Bundesbank, which, the author observes, ``has replaced the Wehrmacht as Germany's best-known and most feared institution.'' Marsh (chief European correspondent for London's Financial Times; The Germans, 1990) offers an accessible, often absorbing, appraisal of the Federal Republic's Frankfurt-based central bank, whose ``anti-inflationary rectitude'' has made it a power to be reckoned with in global finance. After a chatty briefing on those now running the show, the author provides a detailed rundown on the Bundesbank's predecessors, most notably the Reichsbank that was put out of business in 1945. Allied forces created a transitional replacement in what was then West Germany; in 1957, Bonn established the Bundesbank as a politically independent entity that, at least in theory, isn't accountable to other agencies of federal or state government. Given its role as guardian of the deutsche mark, its statutory right to set interest rates, and Germany's post-WW II emergence as an economic colossus, the Bundesbank wields unrivaled influence over domestic policy. In turn, the strength of the D-mark has given the FRB-like institution worldwide clout. But although invariably effective, the Bundesbank is by no means infallible, and Marsh leaves little doubt that great demands will be placed on its capacities in the period immediately ahead—in particular, he cites the challenges posed by German reunification and by the integration of Europe's monetary systems. The author is more sanguine about the bank's ability to unify a formerly partitioned Fatherland than about its willingness to support a union in which EC counterparts might not be as committed to currency stability as the Bundesbank is. A perceptive evaluation of a pivotal financial institution that's been overtaken by events it helped precipitate.
Pub Date: Oct. 1, 1993
ISBN: 0-8129-2158-5
Page Count: 336
Publisher: Times/Henry Holt
Review Posted Online: May 19, 2010
Kirkus Reviews Issue: Aug. 1, 1993
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by E.T.A. Hoffmann ‧ RELEASE DATE: Oct. 28, 1996
This is not the Nutcracker sweet, as passed on by Tchaikovsky and Marius Petipa. No, this is the original Hoffmann tale of 1816, in which the froth of Christmas revelry occasionally parts to let the dark underside of childhood fantasies and fears peek through. The boundaries between dream and reality fade, just as Godfather Drosselmeier, the Nutcracker's creator, is seen as alternately sinister and jolly. And Italian artist Roberto Innocenti gives an errily realistic air to Marie's dreams, in richly detailed illustrations touched by a mysterious light. A beautiful version of this classic tale, which will captivate adults and children alike. (Nutcracker; $35.00; Oct. 28, 1996; 136 pp.; 0-15-100227-4)
Pub Date: Oct. 28, 1996
ISBN: 0-15-100227-4
Page Count: 136
Publisher: Harcourt
Review Posted Online: May 19, 2010
Kirkus Reviews Issue: Aug. 15, 1996
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by Ludwig Bemelmans ‧ RELEASE DATE: Feb. 23, 1955
An extravaganza in Bemelmans' inimitable vein, but written almost dead pan, with sly, amusing, sometimes biting undertones, breaking through. For Bemelmans was "the man who came to cocktails". And his hostess was Lady Mendl (Elsie de Wolfe), arbiter of American decorating taste over a generation. Lady Mendl was an incredible person,- self-made in proper American tradition on the one hand, for she had been haunted by the poverty of her childhood, and the years of struggle up from its ugliness,- until she became synonymous with the exotic, exquisite, worshipper at beauty's whrine. Bemelmans draws a portrait in extremes, through apt descriptions, through hilarious anecdote, through surprisingly sympathetic and understanding bits of appreciation. The scene shifts from Hollywood to the home she loved the best in Versailles. One meets in passing a vast roster of famous figures of the international and artistic set. And always one feels Bemelmans, slightly offstage, observing, recording, commenting, illustrated.
Pub Date: Feb. 23, 1955
ISBN: 0670717797
Page Count: -
Publisher: Viking
Review Posted Online: Oct. 25, 2011
Kirkus Reviews Issue: Feb. 1, 1955
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