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The benefits and costs of asset purchases

The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.

United kingdomUnited statesIsabel schnabelJames tobinBen bernankeSecurities markets programmeInternational monetary fundMonetary policyFederal reserveExecutive boardMonetary policy challengesLessons learnedOutright monetary transactionsTransmission protection instrumentNext generation

Annual Accounts 2023

Annual Accounts 2023
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Frankfurt am mainUnited statesNew yorkFederal republic of germanyChristine lagardeEurosystem ncbsDanmarks nationalbankA banca carigeBanca carigeStefan wolfgang fischer wirtschaftsprBaker tilly gmbh coEuropean central bankRisk taskCompliance committeeNarodowy bank polskiPeople bank

Liquidity analysis

Liquidity analysis
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Securities markets programmeBond purchase programmeWeekly financial statement

Annual Accounts 2023

Frankfurt am mainNew yorkUnited statesFederal republic of germanyDanmarks nationalbankChristine lagardeBanca carigeA banca carigeEurosystem ncbsStefan wolfgang fischer wirtschaftsprSwiss national bankStaff of the european central bankSecurities markets programmeSveriges riksbankRisk management committeeFederal reserve bank

FAQs on the ECB's Annual Accounts

FAQs on the ECB's Annual Accounts
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Budget committeeEuropean unionSecurities markets programmeEuropean systemCentral banksGoverning councilExecutive boardOccasional paper seriesMember statesMember stateAnnual accounts