European System of Central Banks

E72006

European Union body central banking system

The European System of Central Banks is the framework comprising the European Central Bank and the national central banks of all EU member states, responsible for conducting monetary policy and maintaining price stability within the European Union.

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Observed surface forms (1)

Surface form	Occurrences
ESCB	1

Statements (39)

Predicate	Object
instanceOf	European Union body ⓘ central banking system ⓘ
abbreviation	European System of Central Banks self-linksurface differs ⓘ surface form: ESCB
aim	maintain price stability ⓘ support general economic policies in the European Union ⓘ
appliesToJurisdiction	European Union ⓘ
composedOf	Eurosystem ⓘ surface form: euro area national central banks non‑euro area national central banks ⓘ
country	European Union ⓘ
currency	euro ⓘ
definition	framework comprising the European Central Bank and the national central banks of all EU member states ⓘ
distinguishedFrom	Eurosystem ⓘ
establishedInPeriod	1990s ⓘ
establishedUnder	Treaty on European Union ⓘ surface form: Maastricht Treaty
follows	principle of central bank independence ⓘ
governingBody	Executive Board of the European Central Bank ⓘ General Council of the European Central Bank ⓘ Governing Council of the European Central Bank ⓘ
hasMember	national central bank of each EU member state ⓘ
hasPart	European Central Bank ⓘ national central banks of EU member states ⓘ
headquartersLocation	Frankfurt am Main ⓘ
legalBasis	Statute of the European System of Central Banks and of the European Central Bank ⓘ Treaty on the Functioning of the European Union ⓘ
locatedIn	Germany ⓘ
monitors	price developments in the euro area ⓘ
partOf	European Union economic and monetary union ⓘ surface form: Economic and Monetary Union of the European Union
responsibleFor	collection of statistical information necessary for its tasks ⓘ conduct of foreign-exchange operations ⓘ conduct of monetary policy in the euro area ⓘ contributing to prudential supervision of credit institutions and stability of the financial system ⓘ holding and managing the official foreign reserves of the euro area countries ⓘ promotion of the smooth operation of payment systems ⓘ
scope	all EU member states ⓘ
usesInstrument	interest rate policy ⓘ minimum reserve requirements ⓘ open market operations ⓘ standing facilities ⓘ
website	https://www.ecb.europa.eu ⓘ

Referenced by (12)

Full triples — surface form annotated when it differs from this entity's canonical label.

European System of Central Banks → abbreviation → European System of Central Banks self-linksurface differs ⓘ

this entity surface form: ESCB

Statute of the European System of Central Banks and of the European Central Bank → appliesTo → European System of Central Banks ⓘ

Banca d’Italia → memberOf → European System of Central Banks ⓘ

De Nederlandsche Bank → memberOf → European System of Central Banks ⓘ

Deutsche Bundesbank → memberOf → European System of Central Banks ⓘ

National Bank of Slovakia → memberOf → European System of Central Banks ⓘ

Sveriges Riksbank → memberOf → European System of Central Banks ⓘ

Executive Board of the European Central Bank → parentOrganization → European System of Central Banks ⓘ

European Central Bank → partOf → European System of Central Banks ⓘ

Eurosystem → partOf → European System of Central Banks ⓘ

Annual Report of the European Central Bank → relatedTo → European System of Central Banks ⓘ

Statute of the European System of Central Banks and of the European Central Bank → relatedTo → European System of Central Banks ⓘ