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.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

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References in periodicals archive ?

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.

AMF and Deutsche Bundesbank reinforce cooperation

Also, Germany's central bank, the Deutsche Bundesbank, joined the calls for tough reforms to prevent a long-term slide in Germany's prospects in a paper entitled "Ways out of the crisis."

Battle of the economists: the inside story of Germany's internal policy knifefight

Weber was named president of the Deutsche Bundesbank from April 30 2004 to April 2011.