The effectiveness of the foreign exchange market interventions conducted by the Deutsche Bundesbank during the Louvre period to alter either the level or the volatility of the $/DM spot rate is examined. Volatility quotes implicit in foreign currency options are employed to recover the impact of...

Der vom Euro-Befürworter zum Euro-Gegner gewordene Hans-Olaf Henkel - früherer Präsident des Bundesverbands der Deutschen Industrie und heute Professor für Betriebswirtschaftslehre an der Universität Mannheim - gibt Einblicke in die Hintergründe der Euro-Rettungspolitik. (S. Preisler)

The volume presents and summarises the proceedings of the high level seminar jointly organised by the Bank of Russia and the Bank for International Settlements in Moscow on 18-20 July 2013 during the G20 meetings. Governors and deputy governors from around 30 BIS shareholder banks participated...