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European Central Bank ‘ S Activity Between Principles And Reality

Author

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  • Roxana-Elena LAZAR

    (Lecturer Phd. „Petre Andrei” University from Iasi, Associate Lecturer „Mihail Kogalniceanu” University from Iasi)

Abstract

The European Central has a main role in European Union, conducting the monetary policy af Member States. Its activity is linked to the Maastricht Treaty and to the establishment of Economic and Monetary Union. The entire activity of the ECB is placed under the principle of political independence, but its independence must be understood in the context of the concept of legal liability. Annually, the European Central Bank publishes a report containing information on economic developments and monetary policy in the European Union, the annual accounts, activities and operations of the ECB, financial stability, practical decisions about how the ECB is meeting its objectives and functions. These are true mirrors of how the principles are implemented in practice.

Suggested Citation

  • Roxana-Elena LAZAR, 2013. "European Central Bank ‘ S Activity Between Principles And Reality," Jurnalul de Studii Juridice, Editura Lumen, Department of Economics on Behalf of Petre Andrei University Iasi, vol. 1, pages 63-68, June.
  • Handle: RePEc:lum:rev4rl:v:1-2:y:2013:i::p:63-68
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    Keywords

    European Central Bank; principles; banknotes; euro; currency;
    All these keywords.

    JEL classification:

    • A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate

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