= European System of Central Banks = The '''European System of Central Banks''' ('''ESCB''') is the set of institutions for monetary policy in the EU. <> ---- == Composition == The ESCB is a federal system. EU member states have their own '''national banks''' (sometimes referred to as national central banks, NCBs). These member institutions include: * [[Czechia/NationalBank|ČNB]] * ... The [[WorldHistory/EuropeanUnion/EuropeanCentralBank|ECB]] is the central bank for the EU. It is led by an '''executive board''' composed of a '''president''', '''vice-president''' and four expert members. The ECB's '''Governing Council''' includes the executive board and the governors of each national bank that implements the Euro currency. The ECB also houses a '''General Council''' that includes the ECB's president, vice-president, and the governors of each EU member's national bank. If all EU members implement the Euro currency, this institution becomes defunct. ---- == History == ---- == Policies == ---- CategoryRicottone