Rola Europejskiego Banku Centralnego w ramach instytucjonalnych uwarunkowań stabilności finansowej Unii Gospodarczej i Walutowej
THE EUROPEAN CENTRAL BANK’S ROLE IN THE CONTEXT OF THE ECONOMIC AND MONETARY UNION STABILITY CONDITIONS
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The aim of this paper is to discuss European Central Bank (ECB)’s powers with regard to maintaining stability in the Economic and Monetary Union (EMU)’s member states. First, the author examines key tasks of the ECB as a central bank, focusing on its special character and competencies. In the second section, the ECB’s actions during the financial crisis are outlines, as well as some legal limitations on its powers. In the final section, the author discusses issues related to currency, price stability and euro stability.
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