Organization and policy procedures of the European system of central banks

Abstract

This paper outlines the organization structure of the European System of Central Banks, comprised of the European Central Bank and the central banks of European Monetary Union member countries. Also outlined are the policy procedures used by the European Central Bank as it implements a common monetary policy for all member countries. These procedures are viewed in comparison to those used by the Federal Reserve System in the U.S.

Citation

Wrase, J.M. (2001), "Organization and policy procedures of the European system of central banks", European Monetary Union and Capital Markets (International Finance Review, Vol. 2), Emerald Group Publishing Limited, Leeds, pp. 179-193. https://doi.org/10.1016/S1569-3767(01)02009-X