The euro system is in the context of the European monetary union a formed organizational unit. It consists of the European central bank (EZB) and the national central banks (NZBen) of the states of the European Union, which introduced the euro as currencies. The euro system will exist until all member states introduced the euro.

Demarcation

The euro system differs from the ESZB. To the ESZB the EZB and the NZBen of all States of, the member belong in the European Union are. Likewise the term differs in its meaning of the designations euro area, euro zone and euro country. While these are used, in order the geographical outlined the countries to show, which have the euro as currency, the euro system represents a concrete organizational committee, in which central banks meet for the arrangement of the common monetary policy.

Tasks of the euro system

• the monetary policy of the Euro-currency area specify and implement
• Foreign exchange transactions accomplish
• the official currency reserves of the member states hold and administer
• a functioning of the Zahlungssysteme promote
• the national authorities with the state supervision of the banks advise

Monetary policy of the euro system

Major item European central bank

The primary goal of the euro system is the guarantee of price level stability, a secondary goal is the support of the general economic policy in the European union.

Articles in category "Euro system"

We found here 3 articles.

Related Websites

We found here 4 related websites.

• CONSOLIDATED FINANCIAL STATEMENT OF THE EURO SYSTEM as at 30 July 1999
  In the week ending 30 July 1999 the net position of the Eurosystem in ... The holdings by the Eurosystem of marketable securities of euro area residents ...


• ECB: ECB, ESCB and the Eurosystem
  Since 1 January 1999 the European Central Bank (ECB) has been responsible for conducting the monetary policy in the euro area - the world


• Euro Currency Mini-FAQ
  Greece joined the system on 1 January 2001, making a total of 12 countries. These are the rates: 1 euro (EUR) = 40,3399 BEF (Belgian francs) = 1,95583 DEM ...


• Role of the Eurosystem in the field of payment systems oversight
  2 The objectives of oversight and the role of the Eurosystem ... of the ECB as members of the Eurosystem