ECB insiders say that if Bundesbank President Axel Weber agreed to take the job, the ECB leadership would find it hard not to include the entire research portfolio given Weber's enormous reputation in academic and think tank circles. But Weber has indicated he is quite happy staying at the Bundesbank. Other potential replacements probably would not know whether the research portfolio is divided up until after accepting the appointment, based on the ECB leadership's judgement of that individual's analytical ability. Others describe the situation more darkly, suggesting that Issing's departure offers an opportunity for the ECB leadership to divide the research duties and thus reduce the influence of the research power center.
|Printer friendly Cite/link Email Feedback|
|Title Annotation:||OFF THE NEWS; Otmar Issing; European Central Bank|
|Publication:||The International Economy|
|Article Type:||Brief Article|
|Date:||Sep 22, 2005|
|Previous Article:||Alexander Haig?|
|Next Article:||Chairman Bernanke's first concern: what if the world economy slows?|