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Depuis le 1er novembre 2015, le président de la Bundesbank, Jens Weidmann, occupe la fonction de président du Conseil d'administration de la BRI. Le Conseil d'administration définit l'orientation stratégique et politique de la BRI et supervise la Direction de l'institution.

Yves Mersch est depuis décembre 2012 membre du Directoire de la Banque centrale européenne où il est, entre autres, en charge des affaires juridiques ainsi que de la gestion de risque. Auparavant, il était à compter de 1998 président de la banque centrale du Luxembourg. De plus, ce diplômé en droit et en sciences politiques était pendant presque dix ans directeur du Trésor luxembourgeois. En tant que représentant personnel du ministère luxembourgeois des Finances, M. Mersch a activement participé aux négociations sur le Traité sur l'Union européenne (Traité de Maastricht).

Wir möchten uns bei Ihnen sehr herzlich für Ihre Unterstützung und Ihr Vertrauen bedanken.

Wir wünschen Ihnen und Ihren Familien ein gesundes, erfolgreiches und erfülltes Jahr 2025.

We would like to give you our warmest thanks for your support and trust. 

We wish you and your families a happy new year and hope that 2025 is healthy, successful and fulfilling for you all.

La courbe de Phillips remonte à l'économiste britannique Alban William Phillips, qui a observé pour les années 1861 à 1957 un lien entre le taux de croissance des salaires nominaux et le taux de chômage. Dans sa variante initiale, la courbe donne ainsi l'impression qu'il existe un choix entre chômage et inflation. Du point de vue empirique, il s'est toutefois avéré qu'une relation aussi simple n'existe pas. Au cours des 50 dernières années, la courbe de Phillips a fait l'objet à plusieurs reprises de discussions controversées qui ont donné lieu à de nombreuses modifications de la courbe.

Tribune d'honneur: de g. à d.: Troeger (Vice-Président de la Bundesbank), Vocke (ancien Président de la Bank deutscher Länder), Bernard (ancien Président de la Bank deutscher Länder), Könneker (ancien Membre du directoire de la Bundesbank)

16. Juni 2025

Yves Mersch has been a member of the Executive Board of the European Central Bank since 2012, where his responsibilities include legal services and risk management. Before this, he was the inaugural Governor of the Banque centrale du Luxembourg (BCL) from 1998–2012. A jurist and political scientist by training, Mersch was also director of the Treasury for Luxembourg for almost ten years. As the personal representative of the Minister of Finance, he was closely involved in the negotiation of the Treaty on European Union (the Maastricht Treaty).

Mark Carney has been Governor of the Bank of England since 1 July 2013. Prior to this, Canadian-born Mr Carney was Governor of the Bank of Canada between 2008 and 2013. Since 2011 he has also served as Chairman of the Financial Stability Board (FSB).
After studying economics in Harvard and Oxford, Carney started his career at the investment bank Goldman Sachs before taking the post of Deputy Governor of the Bank of Canada in 2003. There then followed a brief stay at the Canadian Department of Finance before he returned to the Bank of Canada in 2008.

Mark Carney was born in the small Canadian town of Fort Smith on 16 March 1965. He is the first non-Briton to serve as Governor of the Bank of England.

Pier Carlo Padoan was born on 19 January 1950 in Rome. He was appointed Minister of Economy and Finance by the Italian government in February 2014. Mr Padoan holds a degree in economics and was a lecturer and researcher at the La Sapienza University in Rome until recently. In addition to his academic career, Mr Padoan has also worked for various international organisations. From 2001 to 2005, he was the Executive Director at the International Monetary Fund (IMF). From 2007 until his appointment to the Italian government, he was Deputy Secretary-General of the Organisation for Economic Co-operation and Development (OECD), where he became Chief Economist in 2009.

"The real losers when money is weak or inflationary are always the poorest members of society." (1995)

The Phillips curve was invented by UK economist Alban William Phillips, who observed a correlation between nominal wage growth and the unemployment rate for the period 1861 to 1957. The original version of the curve implies a trade-off between unemployment and inflation. Empirical evidence shows, however, that the relationship is not nearly as simple as that. Over the past 50 years, the Phillips curve has time and again been hotly debated, leading to numerous modifications.

Guests in the official gallery, from left to right: Mr Troeger (Bundesbank Deputy President), Mr Vocke (former President, Bank deutscher Länder), Mr Bernard (former President, Bank deutscher Länder), Mr Könneker (former Bundesbank Director) 

The insolvency of LBHI in September 2008 was the culmination of events that had begun in the summer of 2007 as a crisis in the US real estate market. This brought the interbank market virtually to a standstill. Within a year, a crisis that had until then been confined to the United States had engulfed the global financial and economic system.

The Deutsche Bundesbank has not been provided with any supervisory powers in the areas mentioned. The compliance system described here exclusively covers internal Bundesbank rules and mechanisms. In particular, the Deutsche Bundesbank is not responsible for receiving reports of violations of supervisory provisions, compliance with which is monitored by the Federal Financial Supervisory Authority (BaFin). In these cases, please contact BaFin if necessary.

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