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Bundesbank |
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Bundesbank The central bank of Germany. Established in 1957, it issued the Deutsche mark until 2002 when it was replaced by the euro. However, the Bundesbank remains the most influential member of the European System of Central Banks. Both the Bundesbank and the European Central Bank (ECB) are headquartered in Frankfurt. Among other duties, it is responsible for issuing euros and regulating banks under its jurisdiction. However, it is not a lender of last resort, as the ECB fulfills this duty. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Stefan Schonberg is the former head of the International Relations Department of the Deutsche Bundesbank. His list of clients includes such firms as Deutsche Bundesbank, Credit Commercial de France and Banco de Brasil. This was the thrust of a paper presented by Hans Tietmeyer, president of the German Bundesbank, who described the "financial bottleneck" in Western industrial countries. |
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