European System of Central Banks

European System Of Central Banks

Not to be confused with the Eurosystem.

The European System of Central Banks (ESCB) is composed of the European Central Bank (ECB) and the national central banks (NCBs) of all 27 European Union (EU) Member States.

Read more about European System Of Central Banks:  Functions, Organization, Member Banks

Famous quotes containing the words european, system, central and/or banks:

    So in Jamaica it is the aim of everybody to talk English, act English and look English. And that last specification is where the greatest difficulties arise. It is not so difficult to put a coat of European culture over African culture, but it is next to impossible to lay a European face over an African face in the same generation.
    Zora Neale Hurston (1891–1960)

    Every political system is an accumulation of habits, customs, prejudices, and principles that have survived a long process of trial and error and of ceaseless response to changing circumstances. If the system works well on the whole, it is a lucky accident—the luckiest, indeed, that can befall a society.
    Edward C. Banfield (b. 1916)

    The central problem of novel-writing is causality.
    Jorge Luis Borges (1899–1986)

    The world is a puzzling place today. All these banks sending us credit cards, with our names on them. Well, we didn’t order any credit cards! We don’t spend what we don’t have. So we just cut them in half and throw them out, just as soon as we open them in the mail. Imagine a bank sending credit cards to two ladies over a hundred years old! What are those folks thinking?
    Sarah Louise Delany (b. 1889)