European Central Bank

European Central Bank

European Central Bank (ECB) and the Treaties of the European Union

Description of European Central Bank (ECB) provided by the European Union Commission: The European Central Bank was inaugurated on 30 June 1998. On 1 January 1999 it took over responsibility for implementing European monetary policy as defined by the European System of Central Banks (ESCB). As to the practicalities, the ECB’s decision-making bodies (the Governing Council and the Executive Board) run the European System of Central Banks, whose tasks are to manage the volume of money in circulation, conduct foreign-exchange operations, hold and manage the Member States’ official foreign-exchange reserves, and promote the smooth operation of payment systems. The ECB took over from the European Monetary Institute (EMI). The Treaty of Nice, adopted in December 2000, did not change the composition of the ECB Governing Council (comprising the members of the Executive Board and the governors of the national central banks) but allows for changes to the rules on decision-making (decisions are generally adopted by simple majority of the members, each having one vote). Any such change requires a unanimous European Council decision that must be ratified by the Member States.

European Central Bank

Embracing mainstream international law, this section on european central bank explores the context, history and effect of the area of the law covered here.

European Central Bank (ECB) and Europe

There is an entry on european central bank (ecb) in the European legal encyclopedia.

European Central Bank and the European Union

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See Also

  • ECB

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See Also

Further Reading

  • Entry “European Central Bank (ECB)” in the work “A Concise Encyclopedia of the European Union from Aachen to Zollverein”, by Rodney Leach (Profile Books; London)

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Further Reading

  • The entry “european central bank” in the Parry and Grant Encyclopaedic Dictionary of International Law (currently, the Encyclopaedic Dictionary of International Law, 2009), Oxford University Press

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See Also

Popular Treaties Topics

  • Treaties of the United Nations (UN)
  • Types of Treaties
  • International Treaties
  • Famous Treaties
  • Law of Treaties
  • Numbered Treaties

European Central Bank (ECB) and the Treaties of the European Union

Description of European Central Bank (ECB) provided by the European Union Commission: The European Central Bank was inaugurated on 30 June 1998. On 1 January 1999 it took over responsibility for implementing European monetary policy as defined by the European System of Central Banks (ESCB). As to the practicalities, the ECB’s decision-making bodies (the Governing Council and the Executive Board) run the European System of Central Banks, whose tasks are to manage the volume of money in circulation, conduct foreign-exchange operations, hold and manage the Member States’ official foreign-exchange reserves, and promote the smooth operation of payment systems. The ECB took over from the European Monetary Institute (EMI). The Treaty of Nice, adopted in December 2000, did not change the composition of the ECB Governing Council (comprising the members of the Executive Board and the governors of the national central banks) but allows for changes to the rules on decision-making (decisions are generally adopted by simple majority of the members, each having one vote). Any such change requires a unanimous European Council decision that must be ratified by the Member States.

Resources

See Also

Popular Treaties Topics

  • Treaties of the United Nations (UN)
  • Types of Treaties
  • International Treaties
  • Famous Treaties
  • Law of Treaties
  • Numbered Treaties

Hierarchical Display of European Central Bank

European Union > EU institutions and European civil service > EU institution
Finance > Monetary economics > Monetary policy > Central bank
Finance > Monetary economics > Economic and Monetary Union > European System of Central Banks
European Union > European Union law > EU act > Opinion (EU) > European Central Bank opinion

European Central Bank

Concept of European Central Bank

See the dictionary definition of European Central Bank.

Characteristics of European Central Bank

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Translation of European Central Bank

Thesaurus of European Central Bank

European Union > EU institutions and European civil service > EU institution > European Central Bank
Finance > Monetary economics > Monetary policy > Central bank > European Central Bank
Finance > Monetary economics > Economic and Monetary Union > European System of Central Banks > European Central Bank
European Union > European Union law > EU act > Opinion (EU) > European Central Bank opinion > European Central Bank

See also

  • ECB

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