Jens Weidmann
- January 10, 2024
- Economist
Quick Facts
Jens Weidmann Biography
| Name | Jens Weidmann |
| Birthday | Apr 20 |
| Birth Year | 1968 |
| Place Of Birth | Solingen |
| Home Town | Solingen |
| Birth Country | Germany |
| Birth Sign | Taurus |
Jens Weidmann is one of the most popular and richest Economist who was born on April 20, 1968 in Solingen, Solingen, Germany. Jens Weidmann (born 20 April 1968) is a German economist, president of the Deutsche Bundesbank, and Chairman of the Board of the Bank for International Settlements.
From there he moved to the Bundesbank, where until 2006 he was the head of the Monetary Policy and Monetary Analysis group.
In February, 2011, Weidmann was designated to succeed Axel A. Weber as president of the Deutsche Bundesbank. In September, with the ongoing European sovereign debt crisis, Weidmann was observed by a British commentator, David Marsh, to be taking a “cool” course relative to Chancellor Merkel. Marsh wrote that Weidmann was saying the European Monetary Union (EMU) “has to go in one of two directions. Either it takes the path of a fiscal union in which member countries fuse together their economic and financial systems into a much more robust framework that will protect them from internal dislocation. Weidmann says, coolly, this is somewhat unlikely. Or EMU remains a looser grouping of countries that will face the discipline of the financial markets if they fail to produce economic convergence,” namely exit from the EMU and default, looking particularly at Greece. Marsh also noted that Merkel is committed to the first course and so may come into conflict with her one-time economic adviser Weidmann.
In 2011, Weidmann suggested to Merkel that the position of Bundesbank vice president, which had also become vacant, be filled by Sabine Lautenschläger, then director of Germany’s Federal Financial Supervisory Authority (BaFin).
In 2006, Weidmann began working at the Federal Chancellery, where he was responsible for preparing the content and strategy of the G-20 round which was formed to counter the effects of the financial crisis. When he started, he was the youngest department head in the German government. Chancellor Angela Merkel promoted him in December 2009 to the influential role of the Sherpa of the G8 summits as she considers the G8 round to be only a pre-summit of the G20 round in the field of the world-wide financial system as well as that most other subjects need a wider context than the G8 as well (compare Heiligendamm Process for G8+5).
Jens Weidmann Net Worth
| Net Worth | $5 Million |
| Source Of Income | Economist |
| House | Living in own house. |
Jens Weidmann is one of the richest Economist from Germany. According to our analysis, Wikipedia, Forbes & Business Insider, Jens Weidmann 's net worth $5 Million. (Last Update: December 11, 2023)
Weidmann was born in Solingen. In 1987, Weidmann graduated from gymnasium in Backnang, Baden-Württemberg after which he studied economics at Aix-Marseille University, the University of Paris, and University of Bonn. He received his Diplom in economics in 1993. From 1993 to 1994, he commenced his doctoral studies on European monetary policy under the supervision of professor Roland Vaubel at the University of Mannheim, but later transferred back to Bonn again. He received his Dr. rer. nat. pol. under the auspices of monetary theorist Manfred J. M. Neumann in 1997. During his studies Weidmann had internships at the Banque de France and the National Bank of Rwanda. Due to the resulting knowledge of the French financing sector his later career in German financial politics was welcomed in France and seen as a support of the Franco-German twin engine. His education has been characterized as specialising in monetarist economics.
From 1997 to 1999, Weidmann worked at the International Monetary Fund. Until 2004 he worked as Secretary of the German Council of Economic Experts. During his time at the Council, he played a key role in compiling a 20-point plan for boosting growth and employment that formed the basis of then-Chancellor Gerhard Schröder’s Agenda 2010 reforms.
In a late November, 2011, speech in Berlin, Weidmann criticized the errors and “many years of wrong developments” of the EMU’s peripheral states, particularly the wasted opportunity represented by their “disproportionate investment in private home-building, high government spending or private consumption”, David Marsh reported. In early December, with another in a string of Eurozone summits imminent, Bloomberg commented that the new ECB head Mario Draghi “knows he can’t afford to repeat” his predecessor Jean-Claude Trichet’s mistake of alienating the Bundesbank. Draghi was said in the report to be courting Weidmann by, among others, Julian Callow, chief European economist at Barclays in London.
Height, Weight & Body Measurements
Jens Weidmann height Not available right now. Jens weight Not Known & body measurements will update soon.
Who is Jens Weidmann Dating?
According to our records, Jens Weidmann is possibily single & has not been previously engaged. As of December 1, 2023, Jens Weidmann’s is not dating anyone.
Relationships Record : We have no records of past relationships for Jens Weidmann. You may help us to build the dating records for Jens Weidmann!
In April 2019, Weidmann’s mandate as Bundesbank president was renewed for another eight years.
Facts & Trivia
Jens Ranked on the list of most popular Economist. Also ranked in the elit list of famous people born in Germany. Jens Weidmann celebrates birthday on April 20 of every year.
Why did Jens Weidmann resign?
FRANKFURT – Bundesbank President Jens Weidmann said Wednesday he will leave the German central bank at the end of this year due to personal reasons — but used the chance to re-assert his warning of inflation risks.
Who was the President of the German bank or German Bundesbank?
HeadquartersFrankfurt, Hesse, Germany
President| Joachim Nagel
Central bank of| Germany (1990–present) West Germany (1957–1990)
Currency| Deutsche Mark (1957–2002)
Reserves| €219,86 billion (2021)
Who is the governor of Central Bank of Germany?
Jens Weidmann
General Manager| Jaime Caruana Agustín Carstens
Preceded by| Christian Noyer
Succeeded by| François Villeroy de Galhau
President of the Bundesbank
Who owns Germany central bank?
The Bundesbank is headed by an executive board. Of its six members, half are nominated by the Federal Government and half by the Bundesrat (Germany’s upper house of parliament), and all are appointed by the German President.
Who owns the Federal Reserve?
The Federal Reserve System is not “owned” by anyone. The Federal Reserve was created in 1913 by the Federal Reserve Act to serve as the nation’s central bank. The Board of Governors in Washington, D.C., is an agency of the federal government and reports to and is directly accountable to the Congress.