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    The European Central Bank (ECB) is the central bank for the euro currency. It was established as part of the Eurosystem and European System of Central Banks. The ECB's main tasks include monetary policy, foreign exchange operations, portfolio management, and oversight of payment systems. Key decision-making bodies include the Governing Council and Executive Board. The ECB operates independently from political influence and has its own budget. It aims to be transparent in its operations to build credibility and ensure effective monetary policy. The ECB is accountable through regular reporting to European institutions.

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    The European Central Bank (ECB) is the central bank for the euro currency. It was established as part of the Eurosystem and European System of Central Banks. The ECB's main tasks include monetary policy, foreign exchange operations, portfolio management, and oversight of payment systems. Key decision-making bodies include the Governing Council and Executive Board. The ECB operates independently from political influence and has its own budget. It aims to be transparent in its operations to build credibility and ensure effective monetary policy. The ECB is accountable through regular reporting to European institutions.

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    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
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    3K views14 pages

    The European Central Bank Powerpoint Presentation

    Uploaded by

    Ravi Chidar
    The European Central Bank (ECB) is the central bank for the euro currency. It was established as part of the Eurosystem and European System of Central Banks. The ECB's main tasks include monetary policy, foreign exchange operations, portfolio management, and oversight of payment systems. Key decision-making bodies include the Governing Council and Executive Board. The ECB operates independently from political influence and has its own budget. It aims to be transparent in its operations to build credibility and ensure effective monetary policy. The ECB is accountable through regular reporting to European institutions.

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    of 14

    The European Central Bank

    Presentation by:
    Ravi Chidar
    ORGANISATION

    The ECB is the central bank for Europe's single


    currency, the euro. It was established as the core of
    the Eurosystem and the European System of the
    Central Banks. It has legal personality under public
    international law.
    TASKS

     Basic tasks
    – Monetary policy
    – Foreign exchange operations
    – Portfolio management
    – Payment systems
     Further tasks
    – Banknotes
    – Statistics
    – Financial stability & supervision
    – International and European cooperation
    DECISION MAKING

     Governing Council

     Executive Board

     General Council
    INDEPENDENCE

     Price stability
     European Community institutions and
    states have no influence
     Own budget
     Prohibited for granting loans to
    Community bodies
     Functionally independent
    TRANSPARENCY

     Central bank provides to public all


    relevant information
     Helps public to understand monetary
    policy- more credible and effective
     Credible
     Self-disciplined
     Predictable
    ACCOUNTABILITY
     Precise reporting obligations
     Monthly Bulletin
     Weekly Financial Statement
     Annual Report – presented to
    - European Parliament
    - Council of the European Union
    - European Commission
    - European Council
    HISTORY
     PREPARATION OF ECONOMIC AND MONETARY UNION

    – 1969: Barre plan


    – 1970: Werner report
    – 1979: EMS (European Monetary System)
    – 1986: Single European act
    – 1988: Delors Report
    HISTORY
     THREE STAGES TO ECONOMIC AND MONETARY UNION

    – Stage 1:
    • 1.July 1990 – Abolition of all restrictions on the movement of capital

    – Stage 2:
    • 1.January 1994 – Establishment of the European Monetary Institute

    – Stage 3:
    • 1.January 1999 – fixing of conversion rates, ECB responsible for the monetary policy
    JOB OPPORTUNITIES
     Own career development
     Different skills and knowledge
     Many training programs
    TRAINING PROGRAM

     Launguage courses
     Inter personal skills
     Task-oriental skills
     Managment and Leadership skills.
     Tailor made courses
     Extra training program
    MOBILITY SCHEMES

     Meetings
     Working methods and structures of
    other European institutions
    JOB OPPORTUNITIES

     Irrespective of:
    – age
    – religion
    – ethnic
    k Y o u
    Th an

    12/08/21

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