DOCSLIB.ORG

Private Sector Involvement in the Euro the Power of Ideas

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Private Sector Involvement in the Euro the Power of Ideas Private Sector Involvement in the Euro The power of ideas Stefan Collignon and Daniela Schwarzer © 2003 Stefan Collignon and Daniela Schwarzer (www.StefanCollignon.de) First published 2003 by Routledge 11 New Fetter Lane, London EC4P 4EE Simultaneously published in the USA and Canada by Routledge 29 West 35th Street, New York, NY 10001 Routledge is an imprint of the Taylor & Francis Group This edition published in the Taylor & Francis e-Library, 2003. © 2003 Stefan Collignon and Daniela Schwarzer (www.StefanCollignon.de) All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers. British Library Cataloguing in Publication Data A catalogue record for this book is available from the British Library Library of Congress Cataloging in Publication Data Collignon, Stefan, 1951– Private sector involvement in the euro: the power of ideas / Stefan Collignon and Daniela Schwarzer. p. cm. Includes bibliographical references and index. 1. Economic and Monetary Union. 2. Euro. 3. Monetary unions– European Union countries. 4. Monetary policy–European Union countries. 5. Non-governmental organizations. I. Schwarzer, Daniela. II. Title. HG925 .C6563 2002 332.4Ј94–dc21 2002068225 ISBN 0-203-22217-2 Master e-book ISBN ISBN 0-203-27660-4 (Adobe eReader Format) ISBN 0-415-30175-0 (Print Edition) © 2003 Stefan Collignon and Daniela Schwarzer (www.StefanCollignon.de) Private Sector Involvement in the Euro Private Sector Involvement in the Euro traces the activities of two non-governmental organizations: the Association for the Monetary Union of Europe (AMUE) and its parent organization, the Committee for the Monetary Union of Europe. These groups have helped to pave the way to the euro both by working on its realization and for its general acceptance. This book investigates the role the private sector played in the creation of the euro and discusses key issues such as whether there was an alternative to the single currency and if Europe’s citizens had a voice in the construction of the EMU. This fresh look at how the EMU came about challenges a number of well- established integration theories. It shows that European integration is not only the work of governments and supranational institutions but the result of more subtle processes involving the emerging European civil society. The model on the power of ideas suggested in this book is applied to the work and impact of the two NGOs but has explanatory power for the process of European integration which goes well beyond the limits of this empirical study. This book will interest students, researchers, and policy makers with an inter- est in Europe and its monetary union. Stefan Collignon is Professor of European Political Economy at the London School of Economics and Political Science. He was previously Director of Research and Communication at the Association for the Monetary Union of Europe. Daniela Schwarzer is a Journalist at the Financial Times Deutschland and a part-time lecturer at the Freie Universität Berlin. © 2003 Stefan Collignon and Daniela Schwarzer (www.StefanCollignon.de) Routledge advances in European politics 1 Russian Messianism Third Rome, revolution, communism and after Peter J.S. Duncan 2 European Integration and the Postmodern Condition Governance, democracy, identity Peter van Ham 3 Nationalism in Italian Politics The stories of the Northern League, 1980–2000 Damian Tambini 4 Uncertain Europe Building a new European security order Edited by Graham Timmins and Martin Smith 5 Widening the European Union The politics of institutional change and reform Edited by Bernard Steunenberg 6 Institutional Challenges in the European Union Edited by Madeleine Hosli, Adrian van Deemen and Mika Widgrén 7 Europe Unbound Enlarging and reshaping the boundaries of the European Union Edited by Jan Zielonka 8 Ethnic Cleansing in the Balkans Nationalism and the destruction of tradition Cathie Carmichael 9 Democracy and Enlargement in Post-Communist Europe The democratisation of the general public in fifteen Central and Eastern European countries, 1991–1998 Christian W. Haerpfer 10 Private Sector Involvement in the Euro The power of ideas Stefan Collignon and Daniela Schwarzer © 2003 Stefan Collignon and Daniela Schwarzer (www.StefanCollignon.de) Money has not been generated by law. In its origin it is a social, and not a state-institution. Sanction by the authority of the state is a notion alien to it. On the other hand, however, by state recognition and state regulation, this social institution of money has been perfected and adjusted to the manifold and varying needs of an evolving commerce, just as customary rights have been perfected and adjusted by statute law. Karl Menger1 La force des idées simples exprimées tout uniment et répétées de la même façon invariable. Cela désarme au moins la méfiance, qui est la source principale des malentendus. Jean Monnet2 1 Karl Menger, On the origin of money. Economic Journal 2, June 1892. 2 Jean Monnet. Mémoires. Paris: Fayard, 1976. © 2003 Stefan Collignon and Daniela Schwarzer (www.StefanCollignon.de) Contents Illustrations Acknowledgements Abbreviations 1 Introduction: public consensus and EMU Grasping actors beyond the state Lobbies and civil society in the EU Private-sector agency An epistemic community for EMU Research on EMU: state of the art Liberal intergovernmentalism Neo-functionalism Models of preference formation Constructivism Consensus and the construction of social reality Explaining the integration process:epistemological foundations Desires and preferences Institutions as social facts Explaining the integration process: preference formation and consensus How epistemic communities create consensus The plan of the book 2Foundations The origins of the Giscard–Schmidt Committee (CMUE) A window of opportunity Learning from Jean Monnet A joint Grand Strategy An equilibrium model for European integration © 2003 Stefan Collignon and Daniela Schwarzer (www.StefanCollignon.de) The balance of power strategy Institutions for monetary stability The Committee’s ideas and activities Promoting the Ecu Historic flashback:France, Germany, and the demise of Bretton Woods The weaknesses ofbloc floating The Association for the Monetary Union of Europe (AMUE) The need for dialogue with the private sector Gathering support Structures and objectives 3 A common or a single currency? Hopes and doubts about the Ecu Business and the Ecu Educating the private sector First scepticism towards the Ecu The need for a political approach Delors’ ambivalence New stability in the EMS Economic reasons for monetary integration Balladur’s and Genscher’s memorandum The Delors Report An independent European Central Bank Rejecting a parallel currency The private sector and the Delors Report One market, one money A strategy for the Ecu Early business views on EMU Obstacles to using the Ecu A British counter-proposal The study The AMUE’s message A question of credibility The Strateg y’s reception Geostrategic accelerations Interrogations Giscard’s doubts The UK’s hard Ecu proposal Political sensitivities © 2003 Stefan Collignon and Daniela Schwarzer (www.StefanCollignon.de) 4The crises and the Phoenix The Maastricht Treaty Pre-structuring the negotiations Setting a date in the Treaty Who will ratify? The Danish referendum The French referendum Linking with the CNPF Ratification in Italy Pushing practical preparations The external consequences of the single currency Central and Eastern Europe The European Monetary System in crisis A short history of the EMS The Danish credibility shock The German unification shock The dollar shock The demise of the hard EMS EMU’s loss of credibility Reinforced political commitment The problem with the United Kingdom Ups and downs for the AMUE Reporting to the European Parliament Preparing the changeover Two reports frame the issue An expert group on the transition scenario The Commission’s strategic re-launch The Green Book’s scenarios Pinning down the transition scenario in Madrid Launching communication on the single currency The Phoenix flies – into a new storm 5 Campaigning for EMU The populist temptation European populism Structural transformations and populist ideology The single market and new populism Economic and political criticism of EMU The AMUE’s communication strategy German dissensus over EMU The nature of scepticism in the German public © 2003 Stefan Collignon and Daniela Schwarzer (www.StefanCollignon.de) The Social Democrats’ problem with monetary union Training members of the European Parliament Social-democratic arguments for the euro The Kohl government and the CDU Convergence and dissent in Europe Eccezionalismo Italiano Italian adjustment The leap The Stability and Growth Pact Three per cent is 3.0 French–German dissent Mediating across the borders The Sustainability report Broad public campaigns Helping companies change over to the euro The need for further integration Epilogue Annexe 1 Introduction Annexe 2The crises and the Phoenix Annexe 3 Campaigning for EMU Annexe 4 List of interviewees Annexe 5 List of expert groups Annexe 6 List of former AMUE board members Notes Bibliography © 2003 Stefan Collignon and Daniela Schwarzer (www.StefanCollignon.de) Illustrations Figures 2.1 Membership in the AMUE 4.1 Short-term interest rate differentials to Germany 4.2 ERM exchange
Load more

Recommended publications
  • Mr. Tietmeyer Reviews the Central Bank Council of the Deutsche Bundesbank on Its 50Th Anniversary Address Delivered by the President of the Deutsche Bundesbank, Prof
    Mr. Tietmeyer reviews the Central Bank Council of the Deutsche Bundesbank on its 50th anniversary Address delivered by the President of the Deutsche Bundesbank, Prof. Hans Tietmeyer, during the ceremony marking the 50th anniversary of the first meeting of the Central Bank Council at the Land Central Bank of Hesse in Frankfurt/Main on 5/3/98. On March 8, 1948, eleven men gathered next door in the building of the then Land Central Bank of Hesse. The Central Bank Council - which at that time was still “provisional” - of the Bank deutscher Länder, which had been established on March 1, was meeting for the first time. An American officer of the Allied Banking Commission (appropriately named Mr. Freeman) convened the first meeting at 10.30 a.m. There will be quite a few fiftieth anniversaries in the coming weeks and months occasioned by the flood of major events relating to Germany which took place in 1948 and 1949. Many of these events were certainly more dramatic and spectacular than the first meeting of the Central Bank Council. Yet, if we remember this meeting now, it is because a crucial decision for the future began to take shape at that time. If that which was begun on March 8, 1948 had not met with success, the history of the D-Mark (and perhaps also the history of our country) would have taken a different course. It is true that the preparations for the introduction of the D-Mark were carried out elsewhere and by others, particularly by the Allies themselves. Yet, with monetary reform on June 20, when the first D-Mark banknotes came into circulation, the fate of the new currency began to be linked to the viability and the stability orientation of the German Central Bank Council.
    [Show full text]
  • A Military Guide to Terrorism in the 21St Century
    No. 01 Aug 03 A Military Guide to Terrorism in the Twenty-First Century U.S. Army Training and Doctrine Command Deputy Chief of Staff for Intelligence Assistant Deputy Chief of Staff for Intelligence – Threats Fort Leavenworth, Kansas 66027 DISTRIBUTION RESTRICTION: Approved for public release; distribution unlimited. 2 A Military Guide to Terrorism in the Twenty-First Century Table of Contents Preface ......................................................................................................................................... 6 Introduction ............................................................................................................................... 7 Scope of Problem .........................................................................................................................................8 Purpose................................................................................................................................................................9 Approach to the Topic ...........................................................................................................................10 Chapter 1 Nature and History of Terror ..................................................................... 11 Section I: What is Terrorism ............................................................................................................11 Section II: Historical Overview of Terrorism.......................................................................20 Chapter 2 Terrorist Behaviors,
    [Show full text]
  • The Bundesbank Ellen Kennedy
    Key Institutions of German Democracy Number 4 THE BUNDESBANK ELLEN KENNEDY GERMAN ISSUES 19 American Institute for Contemporary German Studies The Johns Hopkins University THE BUNDESBANK ELLEN KENNEDY GERMAN ISSUES 19 The American Institute for Contemporary German Studies (AICGS) is a center for advanced research, study, and discussion on the politics, culture, and society of the Federal Republic of Germany. Established in 1983 and affiliated with The Johns Hopkins University but governed by its own Board of Trustees, AICGS is a privately incorporated institute dedicated to independent, critical, and comprehensive analysis and assessment of current German issues. Its goals are to help develop a new generation of American scholars with a thorough understanding of contemporary Germany, deepen American knowledge and understanding of current German developments, contribute to American policy analysis of problems relating to Germany, and promote interdisciplinary and comparative research on Germany. Executive Director: Jackson Janes Research Director: Carl Lankowski Director of Development: William S. Stokes IV Board of Trustees, Cochair: Steven Muller Board of Trustees, Cochair: Harry J. Gray The views expressed in this publication are those of the author(s) alone. They do not necessarily reflect the views of the American Institute for Contemporary German Studies. ©1998 by the American Institute for Contemporary German Studies ISBN 0-941441-17-2 ISSN 1041-9810 Additional copies of this AICGS German Issue are available from the American Institute for Contemporary German Studies, Suite 420, 1400 16th Street, N.W., Washington, D.C. 20036-2217. Telephone 202/332-9312, Fax 202/265-9531, E-mail: [email protected], Web: http://www.aicgs.org ii FOREWORD Professor Ellen Kennedy’s short study is the fourth in the Institute’s series on key institutions of German democracy.
    [Show full text]
  • After the Berlin Wall a History of the EBRD Volume 1 Andrew Kilpatrick
    After the Berlin Wall A History of the EBRD Volume 1 Andrew Kilpatrick After the Berlin Wall A History of the EBRD Volume 1 Andrew Kilpatrick Central European University Press Budapest–New York © European Bank for Reconstruction and Development One Exchange Square London EC2A 2JN United Kingdom Website: ebrd.com Published in 2020 by Central European University Press Nádor utca 9, H-1051 Budapest, Hungary Tel: +36-1-327-3138 or 327-3000 E-mail: [email protected] Website: www.ceupress.com 224 West 57th Street, New York NY 10019, USA This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License. Terms and names used in this report to refer to geographical or other territories, political and economic groupings and units, do not constitute and should not be construed as constituting an express or implied position, endorsement, acceptance or expression of opinion by the European Bank for Reconstruction and Development or its members concerning the status of any country, territory, grouping and unit, or delimitation of its borders, or sovereignty. ISBN 978 963 386 394 7 (hardback) ISBN 978 963 386 384 8 (paperback) ISBN 978 963 386 385 5 (ebook) Library of Congress Control Number: 2020940681 Table of Contents List of Abbreviations VII Acknowledgments XI Personal Foreword by Suma Chakrabarti XV Preface 1 PART I Post-Cold War Pioneer 3 Chapter 1 A New International Development Institution 5 Chapter 2 Creating the EBRD’s DNA 43 Chapter 3 Difficult Early Years 73 Chapter 4 Restoring Credibility
    [Show full text]
  • DE LAATSTE GOUVERNEUR Alfons Verplaetse En De Politiek
    DE LAATSTE GOUVERNEUR Alfons Verplaetse en de politiek Rik Van Cauwelaert ID 2018 Volledige opm. De laatste gouverneur 15x23.indd 3 03-03-21 09:25 Inhoud 1 Proloog – De gids naar de euro 13 2 Een zondag in Bazel 31 3 Een Paradijsvogel 47 4 Wildewoudstraat 61 5 Een land buiten adem 81 6 ‘Een schandelijke devaluatie’ 101 7 Poupehan 125 8 De terugkeer 145 9 De heilige mark 161 10 Hervormen tegen de tijd 179 11 De zomer van 1993 201 12 G oud 225 Epiloog 251 Literatuurlijst 259 Personenindex 263 ID 2018 Volledige opm. De laatste gouverneur 15x23.indd 5 03-03-21 09:25 Alfons Verplaetse ziet als een collegeprefect toe op de discipline van de coalitiebengels Elio Di Rupo, Philippe Maystadt, Herman Van Rompuy en achterop lopend Melchior Wathelet aan de hand van premier Jean-Luc Dehaene. (Royer in Le Soir) ID 2018 Volledige opm. De laatste gouverneur 15x23.indd 6 03-03-21 09:25 Voorwoord ‘Om met de Fransen te onderhandelen, moet je een zeker filou-gehalte hebben, zoals ik.’ Eregouverneur Alfons Verplaetse bedoelde het niet eens grappig. Hij plooide zuchtend zijn krant dicht waarin hij net las over de jongste perikelen bij Dexia. De bank stevende af op een debacle. Jean- Luc Dehaene was in 2008 aan boord gehesen om alsnog de meubelen te redden, maar hij vertilde zich aan de onderhandelingen met de Franse aandeelhouders. Dehaene was geen bankier en had er ook geen aanleg voor. Als politicus en zeker als premier had hij uit politieke voorzorg de financiële wereld altijd op een afstand gehouden.
    [Show full text]
  • 10Th Anniversary of the ECB a Nni V E Rsar Th 10
    EN EUROPEAN CENTRAL BANK MONTHLY BULLETIN 10TH ANNIVERSARY OF THE ECB 1998 - 2008 10 TH MONTHLY BULLETIN MONTHLY A NNI V E RSAR Y OF THE ECB OF MONTHLY BULLETIN 10TH ANNIVERSARY OF THE ECB In 2008 all ECB publications feature a motif taken from the €10 banknote. © European Central Bank 2008 Address Kaiserstrasse 29 60311 Frankfurt am Main Germany Postal address Postfach 16 03 19 60066 Frankfurt am Main Germany Telephone +49 69 1344 0 Website http://www.ecb.europa.eu Fax +49 69 1344 6000 This Bulletin was produced under the responsibility of the Executive Board of the ECB. Translations are prepared and published by the national central banks. All rights reserved. Reproduction for educational and non-commercial purposes is permitted provided that the source is acknowledged. Photographs: ESKQ EUMETSAT Claudio Hils Martin Joppen The cut-off date for the statistics included in this issue was 9 April 2008. ISSN 1561-0136 (print) ISSN 1725-2822 (online) CONTENTS Boxes: FOREWORD 5 1 Modelling the euro area economy 36 HISTORICAL CONTEXT 8 2 Key communication tools and channels used by the ECB 50 INTRODUCTION 11 3 The Eurosystem’s collateral framework 54 4 The transmission mechanism of monetary INSTITUTIONAL SETTING AND WORKINGS policy 59 OF THE EURO AREA 21 5 Understanding infl ation persistence and THE ECB’S MONETARY POLICY STRATEGY determinants of wage dynamics 80 AND ITS IMPLEMENTATION 33 6 Preliminary fi ndings of the ECB’s work on fi nancial development 104 ECONOMIC POLICY CHALLENGES AND 7 Role of the Harmonised Index of ENLARGEMENT 65 Consumer
    [Show full text]
  • The National Bank, Central Banking in the Time of COVID‑19
    1. The National Bank, central banking in the time of COVID‑19 This chapter of the Corporate Report should be read in the light of the developments and trends described in the 2020 Report on economic and financial developments and prudential legislation and supervision. Similarly, it may prove useful to refer to the list of abbreviations contained in that Report when reading this chapter. 11 COVID-19, the main theme dominating the National Bank’s operations in 2020 The Bank monitors the economic financial consequences – particularly the impact of the repercussions in real time lockdown – for Belgium’s real economy. There was also frequent bilateral contact with members of the gov- As soon as it became apparent that the COVID‑19 ernment in order to discuss the latest developments. pandemic would have repercussions on the economy, Finally, many activities were also developed in connec- the Bank organised itself so that it could monitor the tion with the Economic Risk Management Group. economic situation in real time. Of course, as a member of the Eurosystem, the Bank In the first few months, the Board of Directors met was also closely involved in the measures taken by the almost every day to discuss the main economic ECB to combat the COVID‑19 crisis. As a member of parameters, the financial market situation and the the ECB Governing Council, the Governor had a say in impact on the financial sector. Various departments the measures adopted by the European Central Bank. created new indicators, surveys and statistical over- views as background for the Board of Directors’ discussions and to support its decisions.
    [Show full text]
  • Ideology and Terror in Germany
    An Age of Murder: Ideology and Terror in Germany Jeffrey Herf It is best to begin with the obvious. This is a series of lectures about murder, indeed about an age of murder. Murders to be sure inspired by politi- cal ideas, but murders nevertheless. In all, the Rote Armee Fraktion (Red Army Faction, hereafter the RAF) murdered thirty-four people and would have killed more had police and intelligence agencies not arrested them or prevented them from carrying out additional “actions.” Yesterday, the papers reported that thirty-two people were killed in suicide-bomb attacks in Iraq, and thirty-four the day before, and neither of those war crimes were front-page news in the New York Times or the Washington Post. So there is an element of injustice in the amount of time and attention devoted to the thirty-four murders committed by the RAF over a period of twenty- two years and that devoted to the far more numerous victims of radical Islamist terror. Yet the fact that the murders of large numbers of people today has become horribly routine is no reason to dismiss the significance of the murders of a much smaller number for German history. Along with the murders came attempted murders, bank robberies, and explosions at a variety of West German and American institutions. The number of dead could have been much higher. If the RAF had not used pistols, machine guns, bazookas, rocket-propelled grenades (RPGs), remote-controlled . This article was originally delivered as the opening lecture of the lecture series “The ‘German Autumn’ of 977: Terror, State, and Society in West Germany,” held at the German Historical Institute in Washington, DC, on Thursday, September 7, 007.
    [Show full text]
  • German Monetary Policy in the Second Half of the Twentieth Century
    German Monetary History in the Second Half of the Twentieth Century: From the Deutsche Mark to the Euro Robert L. Hetzel tarting in January 2002, citizens of the European Monetary Union (EMU) replaced their national currencies with the Euro, issued by the S European Central Bank (ECB). Europeans created a new pan-European central bank as a symbol of a future united Europe. However, what historical process explains the broad monetary policy of the ECB, that is, its objective of price stability and its strategy for achieving that objective? The short answer is that its founders designed the ECB to look like the Bundesbank. How then did the Bundesbank evolve? To answer that question, I survey German monetary policy in the second half of the twentieth century. I divide this history into three main sections.1 The first treats the Bretton Woods system of fixed exchange rates. The second treats the floating exchange rate period that began in 1973. It chronicles the Bundesbank’s ultimate deci- sion to accord primacy to reducing inflation rather than unemployment. The last explains how the Bundesbank dealt with the pressures created by move- ment toward a single European currency. The evolution of the Bundesbank into an institution now identified as a modern central bank is fundamental to the article. A modern central bank This article follows Hetzel (2002), which summarizes German monetary policy in the first half of the twentieth century. The author gratefully acknowledges helpful comments from Michael Dotsey, Martin M. Fase, Andreas Hornstein, Thomas Humphrey, Joachim Scheide, and Alex Wolman. The views expressed in this article are those of the author and not necessarily those of the Federal Reserve Bank of Richmond or the Federal Reserve System.
    [Show full text]
  • History, Role and Functions, October 2004
    THE EUROPEAN CENTRAL BANK HISTORY, ROLE AND FUNCTIONS THE EUROPEAN CENTRAL BANK - HISTORY, ROLE AND FUNCTIONS BY EUROPEAN CENTRAL BANK EUROPEAN HANSPETER K. SCHELLER THE EUROPEAN CENTRAL BANK HISTORY, ROLE AND FUNCTIONS BY HANSPETER K. SCHELLER Published by: © European Central Bank, 2004 Address Kaiserstrasse 29 60311 Frankfurt am Main Germany Postal address Postfach 16 03 19 60066 Frankfurt am Main Germany Telephone +49 69 1344 0 Internet http://www.ecb.int Fax +49 69 1344 6000 Telex 411 144 ecb d All rights reserved. Reproduction for educational and non-commercial purposes is permitted provided that the source is acknowledged. The cut-off date for the data included in this book was 1 July 2004. ISBN 92-9181-505-5 (print) ISBN 92-9181-506-3 (online) CONTENTS ABBREVIATIONS AND ACRONYMS 7 FOREWORD 9 ACKNOWLEDGEMENTS 11 INTRODUCTION 12 CHAPTER 1 EMU, the ECB and the euro 15 1.1 The road to EMU and the euro 15 1.1.1 First steps towards European monetary integration 15 1.1.2 The European Monetary System and the Single European Act 19 1.1.3 The Treaty on European Union 20 1.1.4 The realisation of EMU and the changeover to the euro 22 1.2 Legal basis and characteristics of EMU 28 1.2.1 Legal basis 28 1.2.2 Characteristics 30 CHAPTER 2 Central banking in EMU: legal, institutional and organisational aspects 41 2.1 The ECB, the ESCB and the Eurosystem 41 2.1.1 ESCB and Eurosystem as the organic link between the ECB and the NCBs 42 2.1.2 The ECB as a specialised organisation of Community law 43 2.1.3 The euro area NCBs as an integral part of the
    [Show full text]
  • Presseinformationen 60 Jahre Deutsche Bundesbank
    Presseinformationen 60 Jahre Deutsche Bundesbank © Deutsche Bundesbank © Image Source/Corbis © Wolfilser – Fotolia © Deutsche Bundesbank Presseinformationen 60 Jahre Deutsche Bundesbank Seite 2 Inhaltsverzeichnis 1. Die Aufgaben der Deutschen Bundesbank 2. Daten zum rechtlichen Rahmen der Deutschen Bundesbank von 1948 bis 2016 3. Die Präsidenten der Deutschen Bundesbank 4. Stimmen aus Wissenschaft und Politik 5. Die Deutsche Bundesbank in Zahlen 6. Wussten Sie,… 7. Terminplan der Veranstaltungen im Jubiläumsjahr Presseinformationen 60 Jahre Deutsche Bundesbank Seite 3 Die Aufgaben der Deutschen Bundesbank Presseinformationen 60 Jahre Deutsche Bundesbank Seite 4 Die Deutsche Bundesbank nimmt als unabhängige geld- und währungspolitische Institution sowie als nationale und europäische Aufsichtsinstanz viele Aufgaben rund um das Thema Geld wahr. Gemeinsam mit der Europäischen Zentralbank und den anderen Zentralbanken des Eurosystems trägt sie Verantwortung für die Geldpolitik im Euro-Raum. Der Präsident der Bundesbank wirkt als Mitglied des EZB-Rats an den geldpolitischen Entscheidungen mit. Als Grundlage für die Entschei- dungsfindung erstellt die Bundesbank umfassende Analysen. Die Umsetzung der Geldpolitik ist in Deutschland Aufgabe der Bundesbank. Außerdem erläutert sie der deutschen Öffentlichkeit die Geldpolitik des Eurosystems und bezieht Position dazu. Neben der Beteiligung an der Geldpolitik erfüllt die Bundesbank weitere wichtige Aufgaben auf nationaler und internationaler Ebene. Eine dieser Kernaufgaben ist die Bankenaufsicht. Um
    [Show full text]
  • Economy in Germany Facts, Figures and Contacts for Journalists
    Especially for Journalists! Find more about the German economy at Economy in Germany www.mediaservice.land-of-ideas.org Facts, Figures and Contacts for Journalists www.invest-in-germany.com Invest in Germany Anna-Louisa-Karsch-Strasse 2 D-10178 Berlin Germany Phone +49 (0) 30 206 570 Fax +49 (0) 30 206 571 11 E-Mail [email protected] Brandenburg Gate/Reichstag Berlin Gate/Reichstag Brandenburg Content Introduction 3 Introduction 44 05 International Economy in Germany Germany counts among the three largest economies in the world, 45 Bilateral Trade Associations along with the United States and Japan. For that reason alone, 4 01 Politics in Germany business developments in the Federal Republic are likely to be of 5 Facts 52 06 Economic Research Institutes in Germany interest to journalists on all five continents. To assist you in your 6 Federal Government research on Germany’s economic life, we have developed this 9 Parties in Parliament 56 07 Research and Technology in Germany brochure. It is designed to provide you with an overview of the 57 Facts German economy. Beyond the key facts and figures, you will find 12 02 Economy in Germany 58 Key Research Institutions the addresses of government ministries, industry associations, 13 Facts 59 Research Funding parties and businesses as well as economic research institutes, 15 Key Institutions 60 Exchange Programs the business press and leading scientific institutions. We have 15 Contacts for International 60 Research Information also included a listing of bilateral trade federations in Germany. Investment 61 Social Research 16 The Federal States and Their Just in time for the 2006 Football World Cup the international media Economic Development Corporations 62 08 Business Press in Germany service operated by the initiative “Germany – Land of Ideas” (www.mediaservice.land-of-ideas.org) offers a whole array of 22 03 Companies in Germany 66 09 Business Journalism in Germany compelling stories from the world of German business.
    [Show full text]