Ladies and Gentlemen,
It is a pleasure for me to be here in Vienna today and I should like to start by thanking the conference organisers for giving me the opportunity to elaborate on the tasks and limitations of monetary policy.
This topic is extremely important. Looking back over the history of economic thought, it [...]
The tasks and limitations of monetary policy
The statistical requirements of the ESCB
The booklet introducing statistical requirements for Stage Three, which the EMI published in July 1996, began with the bold statement: “Nothing is more important for the conduct of monetary policy than good statistics.” These challenging words show the importance which the EMI attached to this area of preparations for Monetary Union, and I must [...]
The single European monetary policy
Ladies and gentlemen, The single European monetary policy has been a reality for a little more than five weeks. After years of intensive preparatory work and successful economic convergence, monetary policy is now jointly determined for a large part of Europe by the Governing Council of the European Central Bank. The monetary policy is [...]
THE ROLE OF THE CENTRAL BANK IN THE UNITED EUROPE
1. Introduction
First and foremost, I should like to congratulate the National Bank of Poland (the NBP) on its 75th anniversary. The age of the NBP already suggests that as the President of the European Central Bank (ECB), an institution that is even less than one year old and has only been conducting monetary policy [...]
The monetary policy of the Eurosystem
The text will be available in Catalan at a later stage.
* The primary objective of the Eurosystem and, therefore, the touchstone to measure its success is the achievement of price stability. In the medium term the best contribution that the Eurosystem can make in favour of sustained growth is, precisely, to create an environment of [...]
THE MONETARY POLICY OF THE EUROPEAN CENTRAL BANK
Introduction
It was with immense pleasure that I accepted the invitation to take part in this event, organised by Euroforum. In view of the prestigious nature of Euroforum, the professional standing of its President, Eduardo Bueno, Professor at the Universidad Autуnoma de Madrid and consultant to the Banco de Espaсa (there is a great deal [...]
The euro: pushing the boundaries
It is a great honour for me to be invited here today to this symposium arranged by the European Private Equity and Venture Capital Association to speak about the new European currency - the euro. Indeed, the theme of this symposium - “Pushing the boundaries” - is very appropriate when speaking about the euro. [...]
The European System of Central Banks Current position and future prospects
1. Introduction
Ladies and Gentlemen, I should like to express my appreciation at being invited to deliver a speech at this conference organised by the Royal Institute of International Affairs. It is a great pleasure for me to be here, in London, today.
The topic I am going to address relates to the current position [...]
The euro as an international currency
Thank you for inviting me to the Athens Summit ‘99 and for giving me the opportunity to speak to you at this important event.
I should like to share with you my views, and the ECB’s views, on [...]
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