The Division of Responsibilities Between the European Central Bank and the National Central Banks Within the European System of Central Banks
6 Colum. J. Eur. L. 167 (2000) Dr. Rosa María Lastra. Senior Lecturer in Law, Centre for Commercial Law Studies, Queen Mary and Westfield College, University of London. The Euro was introduced on schedule on January 1, 1999. The European System of Central Banks, which started operations on June 1, 1998, is now in charge of the monetary policy of the eleven Member States that have qualified for monetary union. However, the success of the launch of the Euro, with no major payment and settlement problems during the conversion weekend, and the smooth operation of the System so far, should […]