Essay specific features
September 11, 2012
No of pages / words:
5 / 1199
Rating of current essay:
Unlike for example the FED, the ECB has only one primary objective. Other objectives are subordinate to this objective.
The key tasks of the Eurosystem are to define and implement the monetary policy for the eurozone, conduct foreign exchange operations (and take care of the foreign reserves of the ESCB) and promote smooth operation of the money market infrastructure called Target2 payment system...
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Member states can issue euro coins but the amount must be authorised by the ECB beforehand (upon the introduction of the euro, the ECB also had exclusive right to issue coins). The bank must also co-operate within the EU and internationally with third bodies and entities. Finally it contributes to maintaining a stable financial system and monitoring the banking sector...
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