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2005 | 3(10) | 113-141
Tytuł artykułu

DECISION-MAKING PROCESS OF EUROPEAN CENTRAL BANK

Warianty tytułu
Języki publikacji
PL
Abstrakty
EN
The paper presents the monetary policy and the principles of its formulating in the EU and the euro zone with the special emphasis on decision-making process in the commonwealth issues performed by European Central Bank (ECB). In order to enable the ECB to function properly it has been provided with a lot of independence which falls into 4 categories: institutional, personal, financial and functional. The organizational structure of the ECB is composed of: the Governing Council - the highest managerial body, the Executive Board the executive body and the General Council. Each of the above mentioned bodies has its own procedures of decision making, methods of voting relevant to their tasks and competence. The major task of the ECB together with the central banks of the EU members states of which ECB is composed is to keep prices stable. Summing up, the procedures of action used by ECB have been shaped in such a way which prevents political authorities from putting any pressure on the Bank and enable the Bank to make decisions effectively. At the same time, the decision making process concerning the monetary policy has been centralized in ECB whereas the executive functions have been decentralized on the level of national banks.
Rocznik
Numer
Strony
113-141
Opis fizyczny
Rodzaj publikacji
ARTICLE
Twórcy
  • A. Jankiewicz-Maciejewska, Bank Millenium, Warszawa, Poland
Bibliografia
Typ dokumentu
Bibliografia
Identyfikatory
CEJSH db identifier
06PLAAAA01132618
Identyfikator YADDA
bwmeta1.element.52c957ae-2286-3a8a-b0fa-9d7b72fc94b9
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