In search of a role

Article Abstract:

The creation of a single European currency poses particular challenges for Germany's Bundesbank, the most complex central bank in the world. Some reforms have been undertaken already, including the closure of more than 50 smaller branches, but the Bundesbank is now coming under growing pressure to undertake further reform. Indeed, senior Bundesbank officials have acknowledged privately that it may be necessary to totally review the bank's federalism. It will prove difficult to maintain morale while scaling down the Bundesbank.

Deutsche Bundesbank

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The Bank's new brooms

Article Abstract:

The appointment of Eddie George as the new director of the Bank of England was well received by London financiers, but subsequent falling interest rates was not greeted as well. The government may give the bank more leeway in the fight against inflation.

United Kingdom, Bank of England, Economic policy, Interest rates

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