Slide 1Overview of BundesbankSlide 3Slide 4sThe Forms of the Bundesbank1948-19571957-19901990-19931993-20012001- presentToday’s dutyBequeath from BundesbankIndependence in Bundesbank50 Years of the BundesbankSlide 16Deutsche Bundesbank To safeguard the currencyBy Tian,HeOverview of Bundesbank•Part of the European System of Central Banks (ESCB)•Founded in 1957•Frankfurt am Main•9743 Employees9 Regional Offices47 Branches nation-wide•Executive Board•Axel.A.Weber (Member of the Governing Council of the ECB)sThe Forms of the Bundesbank •1948-1957•1957-1990•1990-1993•1993-2001•2001-PRESENT1948-1957•Reichsmark was replaced by D-Mark (21 June 1948)•Two-Tier central bank system•Central Banks of the States•Bank deutscher Lander in Frankfurt am Main•Central Bank Council1957-1990•Bundesbank Act (26-July-1957)•Two-Tier Structure Abolished1990-1993•A treaty on May 18, 1990•The SOLE legal tender in both German states—D-Mark1993-2001•The Maastricht Treaty •National responsibility for monetary policy was transferred to ESCB2001- present•ECB took over full control of currency in 2001Today’s duty•As a note-issuing bank•As the banks' banker•Refinancing Source and Clearing House for the Commercial Banks•Bank Supervision•As the state's banker•As the manager of currency reservesBequeath from Bundesbank•First Priority: Price Stability •Independence of Monetary Policy Making•A Relatively Decentralized StructureIndependence in Bundesbank•The Most Independent Central Bank•Leading the “Bundesbank Model” •Opposite to the “new Zealand model”•Lessons from the Past50 Years of the Bundesbank•Legacy of Stability passed on to the EurosystemResources from•http://www.bundesbank.de•http://en.wikipedia.org
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