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 ?
Major organization : DEUTSCHE BUNDESBANK, BESCHAFFUNGSZENTRUM
That represents about half of all DM coins ever issued, said the Frankfurt-based Bundesbank on Friday.
Al Hamidy pointed out that there is a productive cooperation with the Deutsche Bundesbank, and that the signing of this MoU aims to consolidate and expand the scope of this cooperation, in the interest of the Fund to develop its activities and programs in the area of capacity building for the Member countries as part of its strategy for the next phase, noting in this regard the efforts of the Deutsche Bundesbank and the important role it plays in supporting the training and advisory activities.
The paper also said a Greek exit would mean Bundesbank losses would be greater than the 14.
Another German industry hard hit by Bundesbank stalling on quantitative easing was German insurance companies and pension funds.
In the euro area as a whole, which stagnated in the second quarter, there would be a "resumption of positive economic growth, albeit not at the pace predicted by many analysts in the spring," the Bundesbank predicted in its report.
The German chancellor first says that the debt crisis is not over in Europe, then the Bundesbank announces its monthly report and stresses that the ECB should consider increasing interest rates.
The newspaper said this meant there was a possibility that the issue could soon be referred to the European Court of Justice and added that the ECB and Bundesbank wanted to legally "arm" themselves for this scenario.
His predecessor at the head of the Bundesbank, Axel Weber, quit in the first quarter of 2011, precisely because he was also against the ECB's bond-buying programme, which was launched in 2010.
The Bundesbank, however, expressed a different view in an emailed response to a Wall Street Journal query, saying the EU sanction directive prohibits EIH from executing transactions on behalf of sanctioned people or entities.
Germany's Bundesbank is planning to help India to process payments for Iranian oil, amid international sanctions against the regime in Tehran, Dow Jones has reported, citing a separate report by Handelsblatt.
Writing in its latest monthly bulletin, the Bundesbank said it expected Europe's biggest economy to post strong expansion in the second quarter as an upswing in global growth powers German exports.

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