Saturday, April 9, 2011

02 ECB reading



CHAPTER IV - MONETARY FUNCTIONS AND OPERATIONS OF THE ESCB
Article 14
Open market and credit operations
18.1. In order to achieve the objectives of the ESCB and to carry out its tasks, the ECB and the national central banks may:
– operate in the financial markets by buying and selling outright (spot and forward) or under repurchase agreement and by lending or borrowing claims and marketable instruments, whether in Community or in non-Community currencies, as well as precious metals;
http://ec.europa.eu/economy_finance/legal_texts/pdf/compendium_en.pdf






The doc about ECB: here.
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1 comment:

  1. @mortymer001June 14, 2011 at 11:42 AM

    Two continents compared
    Keynote address by Jean-Claude Trichet, President of the ECB at the “ECB and its Watchers XIII” conference
    Frankfurt am Main, 10 June 2011

    http://www.ecb.int/press/key/date/2011/html/sp110610.en.html

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