Mr. Tietmeyer discusses the role of the IMF in the global economy Opening address by the President of the Deutsche Bundesbank, Prof. Hans Tietmeyer, at the symposium “The Role of the IMF in the Global Economy” held in Frankfurt am Main on 2/7/98.
Despite the fact that the psychological factor is the only reason for the FX market turmoil, it poses a risk of a deterioration in inflation expectations, which can later affect consumer prices.