المستخلص: |
The researcher discusses the European central bank as the third pillar for instituting European Union. The other two are Maastricht agreement and the exchange rate mechanism. This bank has shapee. as the bunds bank, so it has a full independence. The following points have been handled: (1) The institution side of the bank. (2) The functions of the bank which summarized in the following. (fix the reserves-issue the money «Euro «implement international payments regime). (3) The contribution of the bank capital. (4) The economic effects on the national banks of the euro group. (5) Stratgical side of the bank (price stability - dealing with uncertainties
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