European Central Bank. Monetary Union (EU)

Syllabus of the Subject: European Central Bank (ECB) - European Union.

Introduction to the European Central Bank (European Union): the central bank of the world's second largest economy;
The European Central Bank and the Economic and Monetary Union (EMU);
Eurozone;
Convergence Criteria;
Monetary stability and the European Central Bank;
European financial system supervision;
Structure of the European Central Bank;
Roles of the European System of Central Banks (ESCB) and the Eurosystem;
Independence of the European Central Bank;
Single Payments Area in Euros;
Europe 2020 strategy.

The objectives of the subject “European Central Bank (ECB)” are the following:

To understand the role of the European Central Bank in the financial and monetary stability of the EU;
To understand the EU Economic and Monetary Union (EMU);
To study the convergence criteria of the Eurozone;
To understand the importance of the Eurozone;
To analyze the implications for the Eurozone Countries.

European Central Bank:
European Central Bank (ECB). Eurozone. EU Economic and Monetary Union

Online Education (Courses, Masters, Doctorate): The European Union and Their Institutions

E-learning Course Master Doctorate, Asian Student, International Business

The Subject “European Central Bank” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Doctorate: European Business, World Trade.

Masters: International Business, Foreign Trade.

Courses: Introduction to the EU, EU Single Market.

Learning materials in Courses, Masters, Doctorate in International Business and Foreign Trade in English or Study Master Doctorate in International Business in Spanish Banco Central Europeo Study, Course Master Doctorate in International Business in French Banque centrale européenne Masters Foreign Trade in Portuguese Banco Central Europeu.

Credits of the Subject “European Central Bank”: 1 ECTS

Masters and Doctorate in International Business adapted for the Students from the European Union, Masters, Doctorate, Courses, International Business, Foreign Trade European Union.

Online Education (Courses, Masters, Doctorate): European Single Market

The nineteen countries of the EU that have adopted the Euro as common currency are part of the European Central Bank (ECB) whose main objective is to implement a price stability policy in the Eurozone, seeking to maintain the purchasing power of the euro.

In 1999, the Eurozone and the European Central Bank were established by eleven EU countries (Germany, Austria, Belgium, Spain, Finland, France, Ireland, Italy, Luxembourg, the Netherlands and Portugal), transferring all their monetary policy powers to the European Central Bank.

Subsequently, the euro area has been expanding:

2001: Greece;
2007: Slovenia;
2008: Cyprus and Malta;
2009: Slovakia;
2011: Estonia;
2014: Latvia;
2015: Lithuania.

Except for Denmark, they have an obligation to adopt the Euro in compliance with the so-called convergence criteria of the EU.

The EU countries that have not yet adopted the Euro are Bulgaria, Croatia, Hungary, Poland, the Czech Republic, Romania and Sweden;
The European Central Bank is the only institution that can authorise the issuance of the euro banknote;
The headquarters of the European Central Bank is in Frankfurt (Germany);
United Kingdom (non-EU member, BREXIT).

All the central banks of the countries that have adopted the euro form the so-called Eurosystem. The European Central Bank (ECB) is the key institution of the EU's Eurosystem and the Single Supervisory Mechanism (control of the EU credit institutions).

The main body of the European Central Bank is the Governing Council, made up of six members of the Executive Committee and the directors of the nineteen central banks of the Eurozone. Its main mission is to design the Eurozone monetary policy, as well as banking supervision.