Axel A. Weber

From MarketsWiki
Jump to: navigation, search
Axel Weber
AxelWeber.jpg
Location Frankfurt

Axel Weber was president of the Deutsche Bundesbank and a member of the European Central Bank Governing Council from April 2004 to April 2011. During that time, he was also a member of the board of directors of the Bank for International Settlements, German governor of the International Monetary Fund, and a member of the G7 and G20 Ministers and Governors. He made headlines in February 2011 when he announced his plans to leave the Bundesbank in 2011, essentially ruling himself out of the race to succeed Jean-Claude Trichet as head of the European Central Bank. Weber, known as a monetary policy hawk, had been seen as the front-runner for the ECB position. [1]

Background

Weber taught applied monetary policy and international economics in Germany before he was selected to lead the Bundesbank in 2004. [2]

Weber worked with Josef Ackermann on the rescue of the property lender Hypo Real Estate Holding AG in 2008, preventing the country's biggest bank failure since 1931.

On March 9, 2011, Weber was appointed professor of economics at the University of Chicago. [3] At the time of the announcement, he was on leave as a professor of international economics at the University of Cologne.

Weber has participated on a number of academic and institutional boards throughout his career. In the past, Weber has been a member of the German Council of Economic Experts, as well as a director of the Center for Financial Studies in Frankfurt, a professor of applied monetary economics at the Johann Wolfgang Goethe University and a professor of economic theory at the Rheinische Friedrich Wilhelms University. [4]

Education

Weber studied economics and public administration at the University of Konstanz.

References

  1. Axel Weber a Deutsche Bank candidate. Reuters.
  2. Weber is Slam Dunk As Chairman of Deutsche Bank, Not CEO. Bloomberg.
  3. ex-ECX Weber: Reforms Helped Germany Recover. MarketWatch.
  4. Axel Weber Bundesbank President to Join Chicago Booth School. University of Chicago website.