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Karl Pohl's guide to central banking

Six lessons from the late legendary Bundesbank president and his spirit of nonchalant hedonism.

Mr Pöhl finished with the hard-worn distinction of falling out with the two German chancellors who appointed him head of the Bundesbank.

KARL Otto Pöhl, president of the German Bundesbank for more than 11 tumultuous years between 1980 and 1991, who died last week, was a man who deserved the epithet "legendary". He crisscrossed the worlds of politics, finance, academe and the media, while managing to remain somehow above them all...

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