The European Central Bank and the national central banks together constitute the Eurosystem, the central banking system of the euro area. The main objective of the Eurosystem is to maintain price stability: safeguarding the value of the euro. Since 1 January 1999 the European Central Bank (ECB) has been responsible for conducting monetary policy for the euro area and manages the euro circulation.
Citation
Oldani, C. 2012. European Central Bank "Bankpedia Review"2 (2): 15-17
