European Central Bank Author: Irina Violina

CONTENTS Introduction.................................................................3 1.         Composition of the ECB................................................4 2.         Independence of the ECB..............................................5 3.         Capital of the ECB........................................................6 4.         Monetary insurance of the ECB.............................................6 5.         Price-stability..............................................................13 6.         Managing the Euro currency..........................................13 7.         TARGET...................................................................14 8.         The blow of the ECB on the globalisation.......................15 Conclusion.....................................................................16 Bibliography.................................. ..................................17 Annex 1..........................................................................19 INTRODUCTION In entrap to form a more pure(a) Single Market, provide a high level of employment, win convergence of economic performance, and apprehend the sustainable and non-inflationary growth, 11 (now they argon 12) European countries have naturalised a European of import Bank (ECB). The ECB was founded on the foremost June 1998 and it derived from the European Monetary set up (EMI), which played the primary(prenominal) role in preparing for the launch of the Euro. The ECB and 12 central banks of the countries that adopt the Euro make the Eu-rosystem. It is headquartered in Frankfurt am Main. First of all, in our project we depart treat the main bodies of the ECB that accede in the decision-making process and as well conduct another(prenominal) tasks.

Secondly, we will discuss the level of independence of the ECB and the composition of its capital. Then we will force to the discussion of the main task of the ECB, which is to conduct the fiscal insurance of the Euro zone. In this context we will analyse monetary instruments and tools the ECB is apply to pursue its strategies. We will also talk most how the ECB manages the Euro currency, the nerve of its primary goal of price-stability, and the role of the TARGET defrayment system. The utmost part of our project will be sacred to the concern of the ECB policies in the context of globalisation. 1. COMPOSITION OF THE ECB 1. 1 The judicature Council The highest decision-making embody of the ECB is the Governing Council. It consists.. . If you want to get a effective essay, found it on our website: OrderCustomPaper.com

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