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Bundesbank
(redirected from Deutsche Bundesbank)

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia 0.03 sec.
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.


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It is of course possible to structure Islamic financial transactions in Germany and indeed acquire an existing bank and "convert" it into an Islamic bank, subject to the provisions of the German banking Act and approval from the German Federal Financial Supervisory Authority (BaFin) and the Deutsche Bundesbank (the central bank).
The author, who now works at the Department of Economics (Public Finance Division) of the Deutsche Bundesbank, evaluates the possible employment effects of proposed employment protection legislation.
Federal Reserve Chairman Ben Bernanke and former Chairman Alan Greenspan, along with Axel Weber, President of the Deutsche Bundesbank, all were on hand to honor Mr.
 
 
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