European Central Bank Author: Irina Violina

CONTENTS Introduction.................................................................3 1.<Tab/>Composition of the ECB................................................4 2.<Tab/>Independence of the ECB..............................................5 3.<Tab/>Capital of the ECB........................................................6 4.<Tab/>Monetary policy of the ECB.............................................6 5.<Tab/>Price-stability..............................................................13 6.<Tab/>Managing the Euro currency..........................................13 7.<Tab/>TARGET...................................................................14 8.<Tab/>The impact of the ECB on the globalisation.......................15 Conclusion.....................................................................16 Bibliography....................................................................17 …

…Markets and Financial Stability, London Business School Centre for Economic Policy Research and DELTA (EHESS/ENS), Paris 8. The ECB web site, Constitutions of ESCB, http://www.ecb.int/about/emu.htm 9.<Tab/> The ECB brochure (2001) http://www.ecb.int/pub/pdf/ecbbren.pdf 10. Trema Case Studies, The System for the European Central Bank, http://www.trema.com/case_studies/CB_EuropeanCentralBank.html 11. Vincent Koen (2000), Vincent Koen, EMU, One Year On, OECD