Axel A Weber: Financial markets and monetary policy Speech by Professor Axel A Weber, President of the Deutsche Bundesbank, at the CEPR/ESI 12th Annual Conference “The Evolving Financial System and the Transmission Mechanism of Monetary Policy”, co-organised by the Bank for International Settlements, Basel, 25-26 September 2008.
* 1  *  *  Introduction  Let me start with a disclaimer: Since we are one week away from a monetary policy decision my speech today will not make any reference to the actual monetary policy stance or monetary policy decisions. Rather my remarks are of a more fundamental nature.