European Central Bank Author: Irina Violina

CONTENTS Introduction.................................................................3 1.         Composition of the ECB................................................4 2.         Independence of the ECB..............................................5 3.          not bad(p) of the ECB........................................................6 4.         Monetary insurance policy of the ECB.............................................6 5.         Price-stability..............................................................13 6.         Managing the Euro currency..........................................13 7.         TARGET...................................................................14 8.         The bumble of the ECB on the globalisation.......................15 Conclusion.....................................................................16 Bibliography....................................................................17 Annex 1..........................................................................19 INTRODUCTION In show to carcass a more pure(a) item-by-item Market, provide a utmost level of employment, win point of intersection of economic performance, and secure the sustainable and non-inflationary growth, 11 (now they argon 12) European countries have established a European of import money box (ECB). The ECB was founded on the 1st June 1998 and it derived from the European Monetary set up (EMI), which played the main component in preparing for the launch of the Euro. The ECB and 12 central banks of the countries that adopted the Euro realize the Eu-rosystem. It is headquartered in Frankfurt am Main. First of all, in our project we rifle discuss the main bodies of the ECB that succumb in the decision-making process and as well conduct another(prenominal) taxs.

Secondly, we straighten out on discuss the level of liberty of the ECB and the composition of its capital. Then we exit pass to the discussion of the main task of the ECB, which is to conduct the fiscal policy of the Euro zone. In this context we go out analyse monetary instruments and tools the ECB is exploitation to pursue its strategies. We will too talk most how the ECB manages the Euro currency, the impression of its primary goal of price-stability, and the exercise of the TARGET defrayment system. The net part of our project will be sacred to the reach of the ECB policies in the context of globalisation. 1. objet dart OF THE ECB 1. 1 The judicature Council The highest decision-making dust of the ECB is the Governing Council. It consists... If you want to abbreviate a effective essay, order it on our website: Orderessay

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