2367949
Description
Mind Map by andrea-1506, updated more than 1 year ago
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Created by andrea-1506
over 9 years ago
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BANCO CENTRAL EUROPEO MAPA
MENTAL
- HISTORY
- STAGE 1
- Complete freedom for capital transactions
- Increased co-operation between central banks;
- Free use of the ECU (European Currency Unit, forerunner of the €)
- Improvement of economic convergence;
- Improvement of economic convergence;
- Free use of the ECU (European Currency Unit, forerunner of the €)
- Increased co-operation between central banks;
- Complete freedom for capital transactions
- STAGE 2
- Establishment of the European Monetary Institute (EMI
- Ban on the granting of central bank credit
- Increased co-ordination of monetary policies
- Strengthening of economic convergence
- Process leading to the independence of the national central banks, to be completed at
the latest by the date of establishment of the European System of Central Bank
- Preparatory work for Stage Three
- Preparatory work for Stage Three
- Process leading to the independence of the national central banks, to be completed at
the latest by the date of establishment of the European System of Central Bank
- Strengthening of economic convergence
- Increased co-ordination of monetary policies
- Ban on the granting of central bank credit
- Establishment of the European Monetary Institute (EMI
- STAGE 3
- Irrevocable fixing of conversion rates
- Introduction of the euro
- Conduct of the single monetary policy by the European System of Central BankS
- Entry into effect of the intra-EU exchange rate mechanism (ERM II
- Entry into force of the Stability and Growth PacT
- Entry into force of the Stability and Growth PacT
- Entry into effect of the intra-EU exchange rate mechanism (ERM II
- Conduct of the single monetary policy by the European System of Central BankS
- Introduction of the euro
- Irrevocable fixing of conversion rates
- STAGE 1
- PURPOSE
- keep prices stable ,especially in countries that use the euro.
- keep the financial system stable
- keep inflation under control
- keep prices stable ,especially in countries that use the euro.
- TASKS
- setting key interest rates for the eurozone and controlling the money supply
- managing the eurozone's foreign-currency reserves
- buying or selling currencies when necessary to keep exchange rates in balance
- buying or selling currencies when necessary to keep exchange rates in balance
- helping to ensure financial markets and institutions are adequately supervised by national
authorities,
- that payment systems function smoothly
- that payment systems function smoothly
- authorising central banks in eurozone countries to issue euro banknotes
- monitoring price trends and assessing the risk they pose to price stability.
- setting key interest rates for the eurozone and controlling the money supply
- STRUCTURE
- Executive Board
- oversees day-to-day management.
- It has 6 members (1 president
- 1 vice-president and 4 other members
- appointed for 8 years by the leaders of the eurozone countries.
- appointed for 8 years by the leaders of the eurozone countries.
- 1 vice-president and 4 other members
- It has 6 members (1 president
- oversees day-to-day management.
- Governing Council
- defines eurozone monetary policy
- fixes the interest rates at which commercial banks can obtain money from the Ban
- fixes the interest rates at which commercial banks can obtain money from the Ban
- defines eurozone monetary policy
- General Council
- contributes to the ECB's advisory
- coordination work and helps prepare for new countries joining the euro.
- coordination work and helps prepare for new countries joining the euro.
- contributes to the ECB's advisory
- Executive Board
- LOCATION
- The bank is based in Frankfurt, the largest financial centre in the Eurozone. Its location in the city is
fixed by the Amsterdam Treaty.[90]
- The bank moved to new purpose-built headquarters in 2014 which were designed a Vienna-based architectural office named
Coop Himmelbau
- The bank moved to new purpose-built headquarters in 2014 which were designed a Vienna-based architectural office named
Coop Himmelbau
- The bank is based in Frankfurt, the largest financial centre in the Eurozone. Its location in the city is
fixed by the Amsterdam Treaty.[90]
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