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.

Bundesbank

the CENTRAL BANK of Germany.
References in periodicals archive ?
This could now change, as some countries typically fall in behind the Bundesbank.
Pohl was nominated by Chancellor Schmidt as vice president of the Bundesbank beginning 1977, and served as president from 1980 to 1991.
The Bundesbank, the report says, also describes the risks associated with the existing aid package as "extremely high" and criticises the approval last month of a e1/45.
Bundesbank stalling on quantitative easing allowed the disinflationary process to proceed unabated when it should have been cut short.
Recent reforms and adjustments in the euro zone's struggling countries -- Ireland, Greece, Spain, Italy, Cyprus and Portugal -- have improved conditions for sustainable growth, the Bundesbank said, but remained concerned about high debt levels.
Given the difficult economic situation in some euro-area countries and widespread uncertainty, economic growth will be lower than previously assumed," the Bundesbank said.
The third operation, on August 15, was coordinated with the Japanese monetary authorities and the Bundesbank.
Further evidence of the validity of the GATA/Turk claims come from the Bundesbank itself at http://www.
Martin Dinkelborg, Director of the Centre for Technical Central Bank Cooperation, signed on behalf of the Deutsche Bundesbank.
Bundesbank chief Jens Weidmann has warned Angela Merkel's cabinet that a Greek exit from the euro zone would rip a hole worth billions of euros in the German budget, German business daily Handelsblatt reported on Sunday citing government sources.
The head of the Bundesbank told peers that he had serious doubts about providing continued emergency funding to Greek banks.
Bundesbank, Germany's central bank, said on Monday some 120 tonnes of gold have been transferred to Frankfurt.

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