1. The European Central Bank
Presentation by:
GROUP 4
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2. ORGANISATION
The ECB is the central bank for Europe's single currency, the euro. It was established as the core of the Eurosystem and the European System of the Central Banks. It has legal personality under public international law.
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3. European System of Central Banks
ECB
all NCB
Eurosystem
NCB (in Euro area)
Euro area
Countries which have adopted euro
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JERNEJ VEGELJ

4. TASKS Basic tasks Further tasks Monetary policy
Foreign exchange operations
Portfolio management
Payment systems
Further tasks
Banknotes
Statistics
Financial stability & supervision
International and European cooperation
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JERNEJ VEGELJ

5. DECISION MAKING Governing Council Executive Board General Council
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JERNEJ VEGELJ

6. INDEPENDENCE Price stability
European Community institutions and states have no influence
Own budget
Prohibited for granting loans to Community bodies
Functionally independent
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MILENA STOPAR

7. TRANSPARENCY Central bank provides to public all relevant information
Helps public to understand monetary policy- more credible and effective
Credible
Self-disciplined
Predictable
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MILENA STOPAR

8. ACCOUNTABILITY Precise reporting obligations Monthly Bulletin
Weekly Financial Statement
Annual Report – presented to
European Parliament
Council of the European Union
European Commission
European Council
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MILENA STOPAR

9. HISTORY PREPARATION OF ECONOMIC AND MONETARY UNION 1969: Barre plan
1970: Werner report
1979: EMS (European Monetary System)
1986: Single European act
1988: Delors Report
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NINA GRAMC

10. HISTORY THREE STAGES TO ECONOMIC AND MONETARY UNION Stage 1: Stage 2:
1.July 1990 – Abolition of all restrictions on the movement of capital
Stage 2:
1.January 1994 – Establishment of the European Monetary Institute
Stage 3:
1.January 1999 – fixing of conversion rates, ECB responsible for the monetary policy
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NINA GRAMC

11. EU ENLARGEMENT New contries joined the EU on 1 May 2004
Bulgaria and Romania are classified as acceding countries
Negotiations with Croatia and Turkey
Joining the euro area
The new countries will adopt the euro
The current euro area members had to fulfil the same criteria
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ALJA NOVAK

12. EU ENLARGEMENT Covergence reports
The European Central Bank contributes to the decision-making on future euro area members by preparing convergence reports
Participation in decision-making bodies
The Governors of the central banks of the new EU contries are now members of the General Council of the ECB
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ALJA NOVAK

13. EU ENLARGEMENT
Euro area
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ALJA NOVAK

14. JOB OPPORTUNITIES Own career development
Different skills and knowledge
Many training programs
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GREGA MEDVED

15. TRAINING PROGRAM Launguage courses Inter personal skills
Task-oriental skills
Managment and Leadership skills.
Tailor made courses
Extra training program
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GREGA MEDVED

16. MOBILITY SCHEMES Meetings
Working methods and structures of other European institutions
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GREGA MEDVED

17. JOB OPPORTUNITIES Irrespective of: age religion ethnic 9/16/2018
GREGA MEDVED