Central Bank Council
E72007
The Central Bank Council is the former supreme decision-making body of the Deutsche Bundesbank, responsible for setting key monetary and banking policies in Germany before the introduction of the euro.
Aliases (1)
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
decision-making body
→
monetary policy committee → |
| alsoKnownAs |
Zentralbankrat
→
|
| appliesToJurisdiction |
Federal Republic of Germany
→
|
| composedOf |
Bundesbank Executive Board members
→
presidents of the regional Landeszentralbanken → |
| country |
Germany
→
|
| currencyManaged |
Deutsche Mark
→
|
| decisionMakingProcess |
collective decision-making by council members
→
|
| dissolvedOrAbolished |
1999
→
after introduction of the euro → |
| establishedBy |
Bundesbank Act of 1957
→
|
| field |
monetary policy
→
|
| governedBy |
principle of central bank independence
→
|
| hadJurisdictionOver |
German banking system stability
→
German monetary policy → |
| headquartersLocation |
Frankfurt am Main
→
|
| historicalPeriod |
pre-euro era in Germany
→
|
| historicalStatus |
former body
→
|
| independenceFrom |
Federal Government of Germany
→
|
| languageOfName |
German
→
|
| legalBasis |
Bundesbank Act of 1957
→
|
| location |
Frankfurt am Main
→
|
| mainFunction |
coordination of Bundesbank regional central banks
→
formulation of German monetary policy → oversight of banking policy in Germany → regulation of money supply in Germany → setting key interest rates in Germany → |
| meetingFrequency |
regularly, typically every two weeks
→
|
| operatedUntil |
introduction of the euro
→
start of European Monetary Union third stage → |
| parentOrganization |
Deutsche Bundesbank
→
|
| partOf |
Deutsche Bundesbank
→
|
| relevantFor |
Deutsche mark monetary policy
→
|
| replacedBy |
Governing Council of the European Central Bank
→
|
| reportedOn |
monetary policy to the German parliament
→
monetary policy to the German public → |
| responsibleFor |
foreign exchange policy of the Deutsche Bundesbank
→
minimum reserve requirements for German banks → open market operations in Deutsche mark → price stability in Germany → |
| role |
supreme decision-making body of the Deutsche Bundesbank
→
|
| sector |
central banking
→
|
| significance |
central institution of German monetary policy before the euro
→
model for the design of the European Central Bank Governing Council → |
| startTime |
1957
→
|
| status |
defunct
→
|
| subordinateTo |
Deutsche Bundesbank Executive Board
→
|
| votingSystem |
one member one vote
→
|
Referenced by (2)
| Subject (surface form when different) | Predicate |
|---|---|
|
Central Bank Council
("Zentralbankrat")
→
|
alsoKnownAs |
|
Deutsche Bundesbank
→
|
hasOrgan |