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Deutsche Bundesbank

Deutsche Bundesbank. To safeguard the currency By Tian,He. O verview of Bundesbank. P art of the European System of Central Banks (ESCB) Founded in 1957 Frankfurt am Main 9743 Employees. 9 Regional Offices 47 Branches nation-wide . Executive Board

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Deutsche Bundesbank

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  1. Deutsche Bundesbank To safeguard the currency By Tian,He

  2. Overview of Bundesbank • Part of the European System of Central Banks (ESCB) • Founded in 1957 • Frankfurt am Main • 9743 Employees

  3. 9 Regional Offices 47 Branches nation-wide

  4. Executive Board • Axel.A.Weber (Member of the Governing Council of the ECB)

  5. s

  6. The Forms of the Bundesbank • 1948-1957 • 1957-1990 • 1990-1993 • 1993-2001 • 2001-PRESENT

  7. 1948-1957 • 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 Council

  8. 1957-1990 • BundesbankAct (26-July-1957) • Two-Tier Structure Abolished

  9. 1990-1993 • A treaty on May 18, 1990 • The SOLE legal tender in both German states—D-Mark

  10. 1993-2001 • The Maastricht Treaty • National responsibility for monetary policy was transferred to ESCB

  11. 2001- present • ECB took over full control of currency in 2001

  12. Today’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 reserves

  13. Bequeath from Bundesbank • First Priority: Price Stability • Independence of Monetary Policy Making • A Relatively Decentralized Structure

  14. Independence in Bundesbank • The Most Independent Central Bank • Leading the “Bundesbank Model” • Opposite to the “new Zealand model” • Lessons from the Past

  15. 50 Years of the Bundesbank • Legacy of Stability passed on to the Eurosystem

  16. Resources from • http://www.bundesbank.de • http://en.wikipedia.org Thanks.

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