IMPORTANCE OF EUROPEAN CENTRAL BANK MONETARY POLICY
Journal Title: FBIM Transactions - Year 2017, Vol 0, Issue 2
Abstract
Support to the general economic policies, which represents one of the objectives of the European Central Bank (ECB), implies a balanced and harmonious development, employment and social protection, which would require a more active monetary policy and the use of special funds and that creates inflationary pressure and jeopardize price stability. If the price stability is guarded then there is no space to support the economic policies of the European Union (EU) and vice versa, which means that these two goals are not only in compliance, but are mutually exclusive. The functions of the European System of Central Banks (ESCB) and thus the ECB are to define and implement the monetary policy of the European Union to carry out activities related to the exchange rate, to retain and use foreign exchange reserves to ensure the good operation of the payment system on the territory of the eurozone, as well as to provide technical support to the other EU bodies. Functional economic and monetary union and a strong and stable euro are the foundation of the economic environment conducive for economic growth in Europe. The emergence of the European Monetary Union and the introduction of the euro as a common currency is certainly the greatest achievement in the process of European integration.
Authors and Affiliations
Branko Nešić
Keywords
Related Articles
- EP ID EP332445
- DOI 10.12709/fbim.05.05.02.10
- Views 107
- Downloads 0
INFORMATION TECHNOLOGIES AS THE DEVELOPMENTAL LEVERAGE OF CONTEMPORARY HOTEL MANAGEMENT
Information technologies have been changing the way people work and live, but simultaneously, they have also been changing the very structure and manner of business doing of contemporary enterprises. Those who do not ada...
EVENT MANAGEMENT AND TOURISM
Fun as a global phenomenon is getting more on the importance and making huge profits. The work deals with events that can be planned or unplanned and of limited duration. Event management has become a separate field of s...
MARKETING STRATEGIES IN CONDITIONS OF CRISIS
The research presented in this paper refers to the adjustment of marketing strategy and basic elements of marketing in conditions of crisis with the aim of company repositioning in order of achieving a competitive advant...
MEHANIZMI VLADAVINE TRANSNACIONALNIH KORPORACIJA U USLOVIMA GLOBALNE PRIVREDE
Nakon neprekidne ekspanzije posle Drugog svetskog rata, transnacionalne korporacije (TNK) su krajem prošlog i početkom ovog veka postale dominantna snaga i najvažniji akteri svetske ekonomije. Njihov finansijski i tehnol...
EVALUATION AND SELECTION OF VARIANTS OF LOGISTICS PROJECTS
Nowadays, every planning entity inevitably confronts certain problems of decision-making, firstly, because there is offered a wide range of alternatives in every field, and secondly, as the need for choosing such solutio...