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July/August 1990, 
Vol. 72, No. 4
Posted 1990-07-01

The German Monetary Unification (Gmu): Converting Marks to D-Marks

by Peter Bofinger

Peter Bofinger represents the first step in uniting two countries with widely disparate economic systems and conditions. Bofinger describes these differences and shows how they influence the choice of the specific conversion rates used to determine the DM values of East German financial claims and income and salary payments previously valued in East German marks.