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Max Planck Encyclopedia of Public International Law [MPEPIL]

European Central Bank (ECB)

Juliane Kokott, David Eisendle

From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2021. All Rights Reserved.date: 09 May 2021

International monetary law

Published under the auspices of the Max Planck Institute for Comparative Public Law and International Law under the direction of Professor Anne Peters (2021–) and Professor Rüdiger Wolfrum (2004–2020). 

1 The European Central Bank (‘ECB’) is an institution of the European Union (‘EU’), which at the same time has legal personality under public international law as well as its own decision-making bodies. It was established in 1998 and is based in Frankfurt am Main, Germany. Being the core of the Eurosystem, ie the monetary authority of the euro area comprising the ECB and the national banks of those EU Member States which have adopted the euro, the Bank’s chief task is to conduct the common monetary policy for the euro area. In doing so, it is bound by the primary...
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