Otmar Issing was Chief Economist and member of the Executive Board of the European Central Bank from 1 June 1998 to 31 May 2006, responsible for the Directorates General Economics and Research. During this time, he developed the ‘two pillar’ approach to monetary policy decision-making, which was subsequently adopted by the ECB.
Prior to serving at the ECB, he was a member of the Board of the Deutsche Bundesbank, with a seat in the Central Bank Council (1990-98). In 2008, Otmar was appointed Head of the Advisory Group on the New Financial Order by Chancellor Merkel. He is also a member of the High Level Group of the European Commission chaired by Jacques De Larosière.
He has authored many books, most recently “Der Euro – Geburt, Erfolg, Zukunft”, (The Birth of the Euro) in 2008.
He is currently Chairman of the Kuratorium House of Finance and President of the Center for Financial Studies in Frankfurt.
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