Institutions
European Central Bank
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The European Central Bank is the central bank for the euro, established on 1 June 1998 and headquartered in Frankfurt, Germany. It began exercising its full powers on 1 January 1999, when the euro was introduced, and its primary mandate, set out in the Treaty on the Functioning of the European Union, is to maintain price stability across the euro area, which it now defines as an inflation rate close to but below two percent over the medium term.
Facts
Founding Year Founding Date Headquarters Cross-Tradition Connections
Associated With
The European Central Bank is among the member central banks that own and participate in the Bank for International Settlements.
The Bundesbank's own independence model and inflation-fighting reputation strongly influenced the ECB's institutional design and price-stability mandate when the euro area's single monetary policy was built.
Inflation, Concepts The European Central Bank's primary mandate is price stability, which it pursues through an inflation target close to but below two percent for the euro area.
Ordoliberal thought on central bank independence and price stability, carried through the Bundesbank model, strongly influenced the European Central Bank's own institutional design and mandate.
In the Other Atlases
Sources
1. European Central Bank (Official Website)
1. European Central Bank (Official Website)
1. European Central Bank (Official Website)
2. Wikipedia
Wikimedia FoundationEuropean Central BankQuote, European Central Bank
It was established on 1 June 1998
2. Wikipedia
Wikimedia FoundationAssociated With: European Debt Crisis, European debt crisisQuote, Associated With: European Debt Crisis, European debt crisis
The ECB also contributed to solve the crisis by lowering interest rates and providing cheap loans of more than one trillion euros
2. Wikipedia
Wikimedia FoundationAssociated With: Deutsche Bundesbank, Deutsche Bundesbank, European System of Central BanksQuote, Associated With: Deutsche Bundesbank, Deutsche Bundesbank, European System of Central Banks
The Bundesbank, being the central bank of the Federal Republic of Germany, is an integral part of the European System of Central Banks (ESCB).
Bank for International Settlements (Official Website)
Bank for International SettlementsAssociated With: Bank for International SettlementsView the Source The New Palgrave Dictionary of Economics
Palgrave MacmillanAssociated With: Central Bank Independence
Grundsatze der Wirtschaftspolitik (Principles of Economic Policy)
Associated With: Ordoliberalism
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