Ethics for central bankers

The ejection of Ernst Welteke from the presidency of the Bundesbank has focused many central bankers on the issue of professional ethics. CentralBankNet examines how leading central banks navigate the issue.

Whoever tipped off the German magazine, Der Spiegel, about Bundesbank president Ernst Welteke's now famous stay at Berlin's Adlon hotel, knew where to find the chink in the Bundesbank's armour. While the terms and conditions of most Bundesbank employees are bound by Germany's detailed ci