Transcript

00:01 |

Initial credits
00:19 |

Introduction
02:49 |

The reason of the Central Bank's independence
- Gold standard
- Bretton Woods
- European currency system
- Single currency
07:37 |

The Euro
- The ramification of the Euro
- The risky experiment
- The inflation rate in Europe
16:32 |

Why did the Central Bank accept this task and how can it achieve it?
18:16 |

Institutions of the European Union
- Four European Union institutions
  - The Council of the European Union
  - The European Commission
  - The European Parliament
  - The European Court
- The three major instruments of policy
  - Regulations
  - Directives
  - Decisions
- Different policy levels
  - Single policy
  - Common policy
- Major elements to safeguard the independence
  - Maastricht Treaty
  - Four major articles
    - Maintaining price level stability
    - Prohibition to instruct or suggest the European Central Bank
    - Prohibition to give credits to individual national governments
    - The exchange rate policy under the priority of the aim of price stability
36:16 |

Other elements of the Central Bank
- No reappointment
- It has its own budget
- It has only reporting obligations
- The problem of the political process of countries
45:13 |

The importance of January 13th 2004
47:07 |

End
47:12 |

Credits

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Independence of the European Central Bank

New Media | 28 de enero de 2004 | Vistas: 4173

Credits

Independence of the European Central Bank
Dr. Antony Mueller

Universidad Francisco Marroquín
Guatemala, January 28th 2004

A New Media - UFM production. Guatemala, 2004
Camera: Jorge Samayoa; edición digital: Rebeca Zúñiga; index: Inés Zúñiga; plublication: Pedro David España

Conferencista

Dr. Antony P. Mueller was born in Germany where he obtained…

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A conversation with Barbara Oakley: Uncommon Sense Teaching | UFM Talks

05 de noviembre de 2021

Barbara Oakley, Carmen Rodríguez

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Conociendo el virus del Ébola

21 de octubre de 2014

Eduardo Arathoon

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IDEAS DE LA LIBERTAD

Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín

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Open Borders: The Science and Ethics of Immigration

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Exposición Fotográfica | 50 años UFM

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¿Los liberales son creyentes o ateos? | UFM Talks

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Reason in Guatemala 2020 | Recap Video

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UFM TALKS: El poder creador de la sociedad libre con Alberto Benegas-Lynch (h)

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Liberal Perspective on Democracy and Equality