Table of Contents

List of Tables and Figures Acknowledgements Foreword by the President of the Deutsche Bundesbank Introduction; S.F.Frowen & R.Pringle The Bundesbank, committed to stability; H.Tietmeyer Bundesbank Independence, Organisation and Decision-making; L.Gleske German Monetary Unification: Domestic and External Issues; R.Konig & C.Willeke Monetary Policy: Targets and Instruments; P.Schmid Relations between the Bundesbank and the Federal Government; B.Wahlig Banking Supervision: Who is doing what?; J.Becker Recollections of the German Treaty Negotiations of 1990; H.Tietmeyer German Unification: A Personal View; N.Kloten Ethics and Morals in Central Banking: do they exist, do they matter?; O.Issing The Evolution of the D-Mark as an International Currency; C.Gebhard Profiles of Bundesbank Presidents: Hans Tietmeyer, Helmut Schlesinger, Karl Otto Pohl, Otmar Emminger and Karl Klasen Index

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JURGEN BECKER Head, Deutsche Bundesbank's Department of Banking and Minimum Reserves CAROLA GEBHARD Assistant Managing Editor, Central Banking Publications LEONHARD GLESKE Deputy Chairman of the Supervisory Board of the Bank of Tokyo (Deutschland) AG, Frankfurt OTMAR ISSING Member of the Board of the Deutsche Bundesbank NORBERT KLOTEN Chairman of the Economic Advisory Council, Federal Ministry of Economics REINER KONIG Head, Department of Economics, Deutsche Bundesbank PETER SCHMID Head of the Money, Credit and Capital Market Division, Deutsche Bundesbank HANS TIETMEYER President of the Deutsche Bundesbank BERTOLD WAHLIG Head of the Law Department at the Deutsche Bundesbank CAROLINE WILLEKE Economist, Monetary Analysis Section, Money, Credit and Capital Markets Division, Deutsche Bundesbank

About the Author

JURGEN BECKER Head, Deutsche Bundesbank's Department of Banking and Minimum Reserves CAROLA GEBHARD Assistant Managing Editor, Central Banking Publications LEONHARD GLESKE Deputy Chairman of the Supervisory Board of the Bank of Tokyo (Deutschland) AG, Frankfurt OTMAR ISSING Member of the Board of the Deutsche Bundesbank NORBERT KLOTEN Chairman of the Economic Advisory Council, Federal Ministry of Economics REINER KONIG Head, Department of Economics, Deutsche Bundesbank PETER SCHMID Head of the Money, Credit and Capital Market Division, Deutsche Bundesbank HANS TIETMEYER President of the Deutsche Bundesbank BERTOLD WAHLIG Head of the Law Department at the Deutsche Bundesbank CAROLINE WILLEKE Economist, Monetary Analysis Section, Money, Credit and Capital Markets Division, Deutsche Bundesbank