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Wim Duisenberg, first President of the ECB. The European Central Bank is the de facto successor of the European Monetary Institute (EMI). [7] The EMI was established at the start of the second stage of the EU's Economic and Monetary Union (EMU) to handle the transitional issues of states adopting the euro and prepare for the creation of the ECB and European System of Central Banks (ESCB). [7]
Central Bank of Ireland Italy: Bank of Italy Kosovo [a] Central Bank of Kosovo Latvia: Bank of Latvia Lithuania: Bank of Lithuania Luxembourg: Central Bank of Luxembourg Malta: Central Bank of Malta Montenegro [a] Central Bank of Montenegro Netherlands: De Nederlandsche Bank Portugal: Banco de Portugal San Marino [a] Central Bank of San Marino ...
The ESCB is composed of the European Central Bank and the national central banks of all 27 member states of the EU. The first section of the following list lists member states and their central banks that form the Eurosystem (plus the ECB), which set eurozone monetary policy.
European Central Bank (Bank of Finland) Suomen Pankki / Finlands Bank: 1812 France: Euro: European Central Bank (Bank of France) Banque de France: 1800 Gabon: Central African CFA franc: Bank of Central African States: Banque des États de l'Afrique Centrale: 1972 The Gambia: Gambian dalasi: Central Bank of The Gambia: 1971 Germany: Euro
The following is a list of past and present members of the Executive Board of the European Central Bank. A member serves for a non renewable term of eight year. Since the ECB was established in 1998, the following people have served as Executive Board members: [ 2 ]
The seat of the European Central Bank is situated in Frankfurt, Germany. [6] Its premises comprise a twin-tower skyscraper and the city's former Wholesale Market Hall (Großmarkthalle), with a low-rise building connecting the two. It was completed in 2014 and was officially opened on 18 March 2015.
However, central bank mandates may not necessarily have to be modified to accommodate climate change-related activities. [20] For example, the European Central Bank has incorporated carbon-emissions into its asset purchase criteria, despite its relatively narrow mandate that focuses on price stability. [65]
European Central Bank in Frankfurt. The Eurosystem is the monetary authority of the eurozone, the collective of European Union member states that have adopted the euro as their sole official currency. The European Central Bank (ECB) has, under Article 16 of its Statute, [1] the exclusive right to authorise the issuance of euro banknotes.