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 policy 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 instal to form a more pure(a) Single Market, provide a high level of employment, win convergence of economic performance, and just the sustainable and non-inflationary growth, 11 (now they argon 12) European countries have constituted a European of import Bank (ECB). The ECB was founded on the initiatory 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 adoptive the Euro make the Eu-rosystem. It is headquartered in Frankfurt am Main. First of all, in our project we depart cover 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 capita l. Then we will run through to the discussi! on of the main task of the ECB, which is to conduct the fiscal policy of the Euro zone. In this context we will analyse monetary instruments and tools the ECB is victimisation to pursue its strategies. We will also talk most how the ECB manages the Euro currency, the inwardness of its primary goal of price-stability, and the role of the TARGET defrayment system. The final 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 proboscis of the ECB is the Governing Council. It consists... If you want to get a effective essay, social club it on our website: OrderCustomPaper.com

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