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SM ISO690:2012 GRIBINET, Lilia. Sistemul European al băncilor centrale (SEBC) Și eurosistemul
. In: Revista Moldovenească de Drept Internaţional şi Relaţii Internaţionale, 2011, nr. 4, pp. 21-29. ISSN 1857-1999. |
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Revista Moldovenească de Drept Internaţional şi Relaţii Internaţionale | |||||
Numărul 4 / 2011 / ISSN 1857-1999 /ISSNe 2345-1963 | |||||
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Pag. 21-29 | |||||
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In accordance with Article 282(1) of the Treaty on European Union, the European Сentral Bank (ECB) and the national central banks shall constitute the European System of Central Banks (ESCB). The ECB and the national central banks of those Member States whose currency is the euro shall constitute the Eurosystem.
In accordance with the Treaty on the Functioning of the European Union, the primary objective of the ESCB shall be to maintain price stability.
Without prejudice to the objective of price stability, it shall support the general economic policies in the Union with a view to contributing to the achievement of the objectives of the Union as laid down in Article 3 of the Treaty on European Union. The ESCB shall act in accordance with the principle of an open market economy with free competition, favouring an efficient allocation of resources, and in compliance with the principles set out in Article 119 of the Treaty on the Functioning of the European Union.
In accordance with the Treaty on the Functioning of the European Union, the basic tasks to be carried out through the ESCB shall be:
define and implement the monetary policy of the Union;
to conduct foreign-exchange operations consistent with the provisions of Article 219 of that Treaty;
to hold and manage the official foreign reserves of the Member States;
to promote the smooth operation of payment systems.
According provisions of the Treaty on the Functioning of the European Union, when exercising the powers and carrying out the tasks and duties conferred upon them by the Treaties and this Statute, neither the ECB, nor a national central bank, nor any member of their decision-making bodies shall seek or take instructions from Union institutions, bodies, offices or agencies, from any government of a Member State or from any other body. The Union institutions, bodies, offices or agencies and the governments of the Member States undertake to respect this principle and not to seek to influence the members of the decision-making bodies of the ECB or of the national central banks in the performance of their tasks.
The Executive Board shall comprise the President, the Vice-President and four other members. The members shall perform their duties on a full-time basis. No member shall engage in any occupation, whether gainful or not, unless exemption is exceptionally granted by the Governing Council. The ECB and national central banks may: establish relations with central banks and financial institutions in other countries and, where appropriate, with international organisations; acquire and sell spot and forward all types of foreign exchange assets and precious metals; the term ‗foreign exchange asset‘ shall include securities and all other assets in the currency of any country or units of account and in whatever form held; hold and manage the assets referred to in this Article;conduct all types of banking transactions in relations with third countries and international organisations, including borrowing and lending operations |
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