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Deutsche Bundesbank

Deutsche Bundesbank Definition

The Deutsche Bundesbank (German Federal Bank) is the central bank of Germany and a part of the European System of Central Banks. It was in charge of the Deutsche Mark (German Mark, the German currency, in former times in the US also known as "Deutschmark") until the Euro came into existence.


The Bundesbank in Frankfurt, or "Buba" for short, was one of the most respected of all central banks for its control of inflation through the later half of the 20th century. It was the first central bank to be given independence, with full instrument and goal independence, leading this form of central bank to be referred to as the Bundesbank model. The Bundesbank's success as well as its geographical and political location in Europe led the European Central Bank to be built in its image. So the ECB is also located in Frankfurt.

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Deutsche Mark
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