COMPETENCE AND ROLE OF THE ЕUROPEAN CENTRAL BANK IN THE LIGHT OF MODERN CHALLENGES
Abstract
In the modern world, where economies are constantly facing various challenges, the role and competences of the European Central Bank (ECB) are of key importance for the stability and prosperity of the Eurozone. The ECB has broad competence in the contemporary monetary flows of the Eurozone. Its main responsibilities include: defining and implementing monetary policy, issuing banknotes and coins, banking supervision, foreign exchange operations, maintaining financial stability, economic analysis and research, communication and transparency. These competences enable the ECB to effectively manage monetary flows in the Eurozone and maintain stability and sustainable economic growth in the region. The aim of this paper is to present the regulatory competences of the European Central Bank in the light of contemporary monetary flows.
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Правни извори:
Council Regulation (EU) No. 1024/2013 on conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions, Offical Journal of European Union, L 287/63, 29 May 2013.
Directive 2014/59/EU of the European Parliament and of the IS May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council, Official Journal of European Union, L 173/190 of 12.06.2014.