= 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 system is federalized; each member's national bank (sometimes referred to as national central banks, NCBs) is a participant. These participants are: * [[Czechia/NationalBank|ČNB]] * ... The centralized institution is the [[WorldHistory/EuropeanUnion/EuropeanCentralBank|ECB]]. ---- == History == TODO: learn some history! ---- CategoryRicottone