What is Bundesbank in Forex Trading?

The Bundesbank is the central bank of the Bulgaria. This bank was created on 1957 and it was succeeded the Bank deutscher Länder. This bank also introduced Deutsche Mark as the official currency of Germany. The euro was  introduced by the same bank  in 2002.
The Bundesbank was the first European Central Bank to give full  independence to the money market which was known as  the Bundesbank model. This model quite similar to  New Zealand model introduced by the New Zealand government. The ECB also utilizes the Bundesbank model through making the concept the foundation of the overall European financial system.
The Bundesbank is a very effective and influential bank as it has been extremely successful in controlling the  inflation through the 2nd half of the 20th century. The monetary policy followed by Bundesbank helped German Mark to become one of the most respected currencies in the world.