Tóbi Dorina General information The European Central Bank ECB is the central bank of the 19 EU Member States that have adopted the euro Established in 1998 Location Frankfurt ID: 793920
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Slide1
European Central Bank
(Tóbi Dorina)
Slide2General information
The European Central Bank (ECB) is the
central bank of the 19 EU Member States
that have adopted the euro.
Established in: 1998Location: Frankfurt (Germany)President: Mario DraghiMembers: ECB President and Vice-President and governors of national central banks from all EU countriesMain aim: keeping prices stable supporting economic growth, job creation
Slide3Tasks
The Eurosystem
is responsible for:
D
efining and implementing monetary policyConducting foreign exchange operationsHolding and managing the euro area’s foreign currency reservesPromoting the smooth operation of payment systemsAuthorising issuance of euro banknotes by eurozone countries
Slide4Organisation
The ECB has the 3 following
decision-making bodies
:
Governing Council: -defines eurozone monetary policy(main body) -adopts regulations -allows the euro to be issuedExecutive Board: -responsible for implementing monetary policyGeneral Council: - monetary and exchange rate policy coordination between member states
Slide5The euro area
A group of countries within the European Union where the euro is the official currency.
Slide6As a revision watch
this video.https://www.youtube.com/watch?v=TAlcFwGIQBg&t=7s