European System of Central Banks
/[ˌjʊərəˈpiːən ˈsɪstəm əv ˈsɛntrəl bæŋks]/
Definitions
- (n.) An institutional framework comprising the European Central Bank and the national central banks of EU member states participating in the euro area, responsible for monetary policy and financial stability within the Eurozone.
The European System of Central Banks manages the euro and ensures price stability across member countries.
Forms
- european system of central banks
Related terms
See also
Commentary
The term specifically denotes the collective structure involving the ECB and national central banks, distinct from the ECB alone; important in contexts of EU financial regulation and monetary policy.
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