Jens Weidmann: Turning points in history – how crises have changed the tasks and practice of central banks Welcome remarks by Dr Jens Weidmann, President of the Deutsche Bundesbank, at the Bundesbank Conference “Turning points in history: How crises have changed the tasks and practice of central banks”, Frankfurt am Main, 9 July 2015. * 1.
In addition, lenders are much more responsive to local economic conditions and generally become more cautious in loan underwriting when unsold homes or local unemployment increase. Financial conditions of businesses The change in the economy that caught my attention in the second half of 2003 was that the decline in business fixed investment had finally ceased.