The Monetary Policy of the European Central Bank

Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book The Monetary Policy of the European Central Bank by Dennis Sauert, GRIN Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Dennis Sauert ISBN: 9783640486359
Publisher: GRIN Publishing Publication: December 4, 2009
Imprint: GRIN Publishing Language: English
Author: Dennis Sauert
ISBN: 9783640486359
Publisher: GRIN Publishing
Publication: December 4, 2009
Imprint: GRIN Publishing
Language: English

Essay from the year 2009 in the subject Business economics - Economic Policy, grade: 1,7, Berlin School of Economics and Law, language: English, abstract: The national currency of each country in Europe was an indispensable element of national sovereignty and bank notes as an expression of national culture and trademark. With successive significance of bank notes as a means of payment in modern economic life central banks gradually gained a stronger role and monetary policy has become an integrated part of economic policy. In respect to this development the implementation of stage three of the EMU in 1999 was an important caesura in European history since a major part of European political independent countries gave up their sovereignty of monetary policy by adopting and agreeing on an irrevocable peg of their domestic currency to the Euro. This required a change to a new European monetary policy in the sector of European central banking. Thus, the ECB was founded and the NCB's of the MS integrated into a European central bank system. It has never been achieved a similar integration process of a policy area in the EU as that of the common monetary and exchange rate policy. The EU has nowhere else been more authentically developed in its identity than in the area of the Euro and the ECB. Nowadays, the participating MS form a currency area that is considered as the second largest economic area behind the USA. This reveals the worldwide significance of European monetary policy that will be explained in the following. The first chapter will briefly comment on the institutional framework structure before the topic of price stability will be introduced. Chapter four and five will examine the transmission process and the monetary strategy of the ECB. In the sixth chapter monetary instruments will be closely described while chapter seven explains the use of instruments of the ECB to react to the current financial crisis. Concluding, a short assessment of European monetary policy will then frame the end of this paper.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Essay from the year 2009 in the subject Business economics - Economic Policy, grade: 1,7, Berlin School of Economics and Law, language: English, abstract: The national currency of each country in Europe was an indispensable element of national sovereignty and bank notes as an expression of national culture and trademark. With successive significance of bank notes as a means of payment in modern economic life central banks gradually gained a stronger role and monetary policy has become an integrated part of economic policy. In respect to this development the implementation of stage three of the EMU in 1999 was an important caesura in European history since a major part of European political independent countries gave up their sovereignty of monetary policy by adopting and agreeing on an irrevocable peg of their domestic currency to the Euro. This required a change to a new European monetary policy in the sector of European central banking. Thus, the ECB was founded and the NCB's of the MS integrated into a European central bank system. It has never been achieved a similar integration process of a policy area in the EU as that of the common monetary and exchange rate policy. The EU has nowhere else been more authentically developed in its identity than in the area of the Euro and the ECB. Nowadays, the participating MS form a currency area that is considered as the second largest economic area behind the USA. This reveals the worldwide significance of European monetary policy that will be explained in the following. The first chapter will briefly comment on the institutional framework structure before the topic of price stability will be introduced. Chapter four and five will examine the transmission process and the monetary strategy of the ECB. In the sixth chapter monetary instruments will be closely described while chapter seven explains the use of instruments of the ECB to react to the current financial crisis. Concluding, a short assessment of European monetary policy will then frame the end of this paper.

More books from GRIN Publishing

Cover of the book Interactive path planning and real-time motion synthesis for articulated humanoid characters in virtual environments by Dennis Sauert
Cover of the book Description and critical evaluation of an urban policy by Dennis Sauert
Cover of the book Motivation im Kunstunterricht by Dennis Sauert
Cover of the book Be moved, be bold, be theatre - Starting A Professional Theatre Company in Rural America by Dennis Sauert
Cover of the book Rural Household Poverty and Its Determining Factors. A Poverty Analysis Using Alternative Measurement Approaches by Dennis Sauert
Cover of the book China's projected image - A structured, focused comparison in the United States of America by Dennis Sauert
Cover of the book The face of corruption in Kenya and the possible power of international civil society interference by Dennis Sauert
Cover of the book US-American folk music and its political stances from the great depression to the present by Dennis Sauert
Cover of the book Ein Vergleich der Nachrichtensendungen RTL Aktuell und Tagesschau während der Fußball-WM 2006 in Deutschland by Dennis Sauert
Cover of the book Mainiacs, shoes, and the accident that was Gettysburg. The historical role of the 20th Maine Volunteer Infantry Regiment by Dennis Sauert
Cover of the book When does the fuel cell come? by Dennis Sauert
Cover of the book The notion of identity in Mary Antin's 'The Promised Land' by Dennis Sauert
Cover of the book 'Its own language of key, scale and colour'. The Challenges of Distinctive Characterisation and World Building in First-Person Narratives by Dennis Sauert
Cover of the book Guilt and Forgiveness by Dennis Sauert
Cover of the book Political Culture, Islam and Public Participation in Modern Egypt by Dennis Sauert
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy