Otmar Issing
Encyclopedia
Otmar Issing is a German
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...

 economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...

, presintent of the Center for Financial Studies (Goethe University Frankfurt) and former member of the board of the Deutsche Bundesbank
Deutsche Bundesbank
The Deutsche Bundesbank is the central bank of the Federal Republic of Germany and as such part of the European System of Central Banks . Due to its strength and former size, the Bundesbank is the most influential member of the ESCB. Both the Deutsche Bundesbank and the European Central Bank are...

 (1990–1998) and of the Executive Board of the European Central Bank
Executive Board of the European Central Bank
The Executive Board of the European Central Bank is the organ responsible for monetary policy of the Eurozone.Members of the Executive Board of the European Central Bank are nominated by agreement between the Heads of Government of the Eurozone countries for a non-renewable eight-year term The...

 (1998–2006). He is advisor for Goldman Sachs
Goldman Sachs
The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients...

. He developed the 'two pillar' approach to monetary policy decision making that the European Central Bank (ECB)
European Central Bank
The European Central Bank is the institution of the European Union that administers the monetary policy of the 17 EU Eurozone member states. It is thus one of the world's most important central banks. The bank was established by the Treaty of Amsterdam in 1998, and is headquartered in Frankfurt,...

has adopted.
His book Der Euro. Geburt, Erfolg, Zukunft about the creation of the new European currency was published by Franz Vahlen in April 2008.
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