Rozwiązania instytucjonalne i operacyjne Europejskiego Systemu Banków Centralnych (ESBC) i Systemu Rezerwy Federalnej (SRF). Analiza porównawcza

Abstract

The aim of the article is to compare two central banks operating under federal structure within monetary union, namely the European System of Central Banks and the Federal Reserve System. The analysis covers the following items: institutional framework, tasks and objectives, strategy and instruments of monetary policy. The analysis lead to the conclusion that the two central banking systems - although designed with some key differences - are becoming convergent.