And I would also like to bring to mind some great personalities of the 1950s, 1960s and 1970s. Their names are inseparably linked with the post-war history of the German central bank: Wilhelm Vocke, Karl Bernard, Otto Veit, Otto Pfleiderer, Karl Klasen, Karl Blessing, Otmar Emminger.
The history of a central bank is not only contained behind glass cases, in file folders, ceremonial speeches, or the like. No, more importantly, the history of a central bank lies in its reputation, or in its “capital stock”, so to speak. And it also lies in its “institutional memory”.