Re:New Zealand plunges into recessionary spiral
by hn_throwaway_99 on Friday November 04, 2022 @04:53PM
(#33473589)
Many central banks are named "Bank of <Country Name>", like Bank of England (for historical reasons not Bank of UK), Bank of Germany, Bank of France (Banque de France) or Bank of Spain (Banco de España). If we had a private "Bank of The United States", then yes, that would be confusing, but no official institutions are named "BlahBlah of America".
Also, the fact that the official central bank is so close at "The Reserve Bank of New Zealand" makes it more confusing for those unfamiliar.
Re:New Zealand plunges into recessionary spiral
by WillPostForFood on Friday November 04, 2022 @04:59PM
(#33473670)
no official institutions are named "BlahBlah of America".
The only one I can think of is Voice of America. Definitely none of the major departments or agencies.
Re:New Zealand plunges into recessionary spiral
by happymellon on Friday November 04, 2022 @05:00PM
(#33473686)
The German central bank is The Deutsche Bundesbank,which literally means "German Federal Bank" not "Bank of Germany".
Re:New Zealand plunges into recessionary spiral
by iggldiggl on Friday November 04, 2022 @05:44PM
(#33474257)
Also regarding the putative "Bank of Germany" – in German "Deutsche Bank" (literally "German Bank") sounds more natural than "Bank von Deutschland" (if you literally translate "Bank of Germany"), and there actually is a "Deutsche Bank", but it is a private entity (and always has been).
Re:New Zealand plunges into recessionary spiral
by happymellon on Friday November 04, 2022 @06:50PM
(#33475098)
Indeed, which is why I found it very odd that the two people who tried to argue that it is common then used Germany.
Re:New Zealand plunges into recessionary spiral
by Dracophoenix on Friday November 04, 2022 @05:02PM
(#33473709)
Oddly enough, the originating bank that formed what is now known as Bank of America was founded under the name Bank of Italy. So it can get even more confusing.
Re:New Zealand plunges into recessionary spiral
by rich_sasha on Friday November 04, 2022 @04:52PM
(#33473572)
England, France, Spain, Germany and Italy have f"Bank of {country}" as central bank. I stopped looking after these 5.
Re:New Zealand plunges into recessionary spiral
by happymellon on Friday November 04, 2022 @04:59PM
(#33473661)
And you would also be wrong.
The German central bank is The Deutsche Bundesbank,which literally means "German Federal Bank" not "Bank of Germany".
Re:New Zealand plunges into recessionary spiral
by Strom on Friday November 04, 2022 @06:40PM
(#33474982)
Interestingly they don't seem to translate their name in their English material, they just continue using the German name.
Re:New Zealand plunges into recessionary spiral
by fulafel on Saturday November 05, 2022 @06:04AM
(#33479851)
Euro countries: 11/25 are named "Bank of <country>" (or other language version thereof)
Source: https://en.wikipedia.org/wiki/European_Central_Bank#Capital_...
Most countries have a retail bank that uses the name of the country or region, even if they aren't the central bank.