Dear Guest! If you find an error on the page or you have any technical question please call the customer service center. Phone number is 06-80-203-776. The Central Bank of Hungary.

OP 1999/19 János Soós: Operational framework of the European Central Bank



The author shows in detail the single monetary policy, its instruments and strategy. Then gives a thorough presentation of the legal framework of the ECB’ operations. The organisational aspects and the decision-making process in particular are discussed in detail. Questions related to the Exchange Rate Mechanism (ERM II) and the TARGET are also covered. The publication lists the decisions related to the introduction of the euro and gives a detailed description of the institutional questions. The co-operation with other European and international organisations is also touched upon. Annex I contains the organisational chart of the ECB, the Rules of Procedure of the ECB, the Rules of Procedure of the General Council of the ECB, the Conventions and procedures for the ERM II. In annex II one can find data on the ECB capital subscription, the ceilings of the very short-term financing possibility for individual central banks and the technical specifications of euro coins.

Available only in Hungarian


This website uses cookies to provide a more convenient browsing experience. By using this website, you accept the use of cookies. Please read our Cookie Guidelines, for more information on cookies, including information on how to disable or delete them.I accept

Please be informed that our Data Protection Guidelines were changed to be compliant with data protection laws.I understand