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The first 5 years of monetary policy of the ECB
Essay specific features


Written by:
Vonda M
Date added:
December 30, 2012
Level:
Grade:
B
No of pages / words:
6 / 1409
Was viewed:
3656 times
Rating of current essay:
Essay content:
The introduction of the euro and the establishment of the ECB were both realizations of the European Monetary Union. Three individual stages should lead to this European Monetary Union.
1. (1990) Restrictions on the movement of capital between Member States were abolished.
2. (1994) Strengthen central bank cooperation and monetary policy coordination and preparations required for the establishment of the European System of Central Banks (ESCB), consisting the ECB and the local national central banks of all EU Member States...
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(1994) Strengthen central bank cooperation and monetary policy coordination and preparations required for the establishment of the European System of Central Banks (ESCB), consisting the ECB and the local national central banks of all EU Member States.
3. (1999) fixing of the exchange rates of the currencies of the Member States participating in Monetary Union...
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