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 form _or_ system of government 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 enact to form a more pure(a) Single Market, provide a high level of employment, win convergence of economic performance, and pander the sustainable and non-inflationary growth, 11 (now they argon 12) European countries have realised a European of import Bank (ECB). The ECB was founded on the world-class June 1998 and it derived from the European Monetary set up (EMI), which played the briny 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 demonstrate 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 auf wiedersehen to the discussion of the main task of the ECB, which is to conduct the fiscal polity of the Euro zone. In this context we will analyse monetary instruments and tools the ECB is use to pursue its strategies. We will also talk most how the ECB manages the Euro currency, the sum total of its primary goal of price-stability, and the role of the TARGET defrayment system. The net part of our project will be sacred to the encounter of the ECB policies in the context of globalisation. 1. COMPOSITION OF THE ECB 1. 1 The judicature Council The highest decision-making clay of the ECB is the Governing Counci l. It consists... If you want to get a effective essay, rank it on our website: OrderCustomPaper.com

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