European Central Bank (ECB)

The European Central Bank (ECB) is the central bank of the European Union. The main responsibilities of the ECB are:

• Implement monetary policy for the Eurozone countries
• Provide funding for European banks and governments
• Maintain financial stability throughout Europe
• Regulate the European banking industry

The head of the ECB, as of November 2011 is Mario Draghi.

Free Resources

To continue learning and advancing your career, check out these additional helpful WSO resources:

• Retained Earnings
• Fraud Triangle
• Accounts Receivable Turnover Ratio
• Marginal Cost Formula
• Nash Equilibrium