The European Central Bank’s role in the context of the Economic and Monetary Union stability conditions. Cover Image

Rola Europejskiego Banku Centralnego w ramach instytucjonalnych uwarunkowań stabilności finansowej Unii Gospodarczej i Walutowej.
The European Central Bank’s role in the context of the Economic and Monetary Union stability conditions.

Author(s): Tomasz Machelski
Subject(s): Economy
Published by: Kancelaria Sejmu
Keywords: Poland; financial policy; eurozone; financial crisis; eurozone crisis; European Central Bank;

Summary/Abstract: The aim of this paper is to discuss European Central Bank (ECB)’s powers with regard to maintaining stability in the Economic and Monetary Union (EMU)’s member states. First, the author examines key tasks of the ECB as a central bank, focusing on its special character and competencies. In the second section, the ECB’s actions during the financial crisis are outlines, as well as some legal limitations on its powers. In the final section, the author discusses issues related to currency, price stability and euro stability.

  • Issue Year: 2012
  • Issue No: 3
  • Page Range: 43-62
  • Page Count: 19
  • Language: Polish