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Executive Board Of The European Central Bank
The Executive Board of the European Central Bank is the organ responsible for implementing monetary policy for the Eurozone in line with the guidelines and decisions taken by the Governing Council of the European Central Bank. The Executive Board consists of the President, the Vice-President and four other members, one of whom concurrently serves as ECB chief economist. All members are appointed by the European Council by qualified majority for a non-renewable eight-year term. As an exception, the officeholders appointed to the original Board received staged terms so that one would be replaced each year. Under the ECB's rules board members do not ''represent'' a particular country, nor are they responsible for keeping track of economic conditions in one country. Instead, all board members are jointly responsible for monetary policy for the entire Euro area. Current members The current members of the ECB Executive Board are as follows: List of Board members The following is a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monetary Policy
Monetary policy is the policy adopted by the monetary authority of a nation to control either the interest rate payable for very short-term borrowing (borrowing by banks from each other to meet their short-term needs) or the money supply, often as an attempt to reduce inflation or the interest rate, to ensure price stability and general trust of the value and stability of the nation's currency. Monetary policy is a modification of the supply of money, i.e. "printing" more money, or decreasing the money supply by changing interest rates or removing excess reserves. This is in contrast to fiscal policy, which relies on taxation, government spending, and government borrowing as methods for a government to manage business cycle phenomena such as recessions. Further purposes of a monetary policy are usually to contribute to the stability of gross domestic product, to achieve and maintain low unemployment, and to maintain predictable exchange rates with other currencies. Monetary ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vítor Constâncio
Vítor Manuel Ribeiro Constâncio, GCC, GCIH (born 12 October 1943) is a Portuguese economist and academic who served as Vice President of the European Central Bank from 2010 to 2018. He previously served as Governor of the Bank of Portugal from 1985 to 1986 and 2000 to 2010. Constâncio graduated in economics from the University of Lisbon, and obtained a master at the University of Bristol. Since June 2018 he has been a professor at the School of Economics & Business Administration of the University of Navarrabr> Career Constâncio was Secretary of State for Planning in the I and II Provisional Government of Portugal from 1974 to 1975, and Secretary of State for Budget and Planning in 1976 in the IV Provisional Government. He then became Ministry of Finance (Portugal), Minister of Finance from January to August 1978 in the II Constitutional Government of Portugal, and is therefore until now the youngest Portuguese Finance Minister since the revolution. Constâncio was secre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sabine Lautenschläger
Sabine Lautenschläger (born 3 June 1964) is a German jurist who served as a member of the Executive Board of the European Central Bank from 2014 to 2019. She previously served as vice-president of the Deutsche Bundesbank from 2011 to 2013.CV at Bundesbank.de In 2022, Lautenschläger joined law firm Covington’s Frankfurt office as Senior Advisor. Education and early career Lautenschläger graduated with a from the |
Jörg Asmussen
Jörg Asmussen (born 31 October 1966) is a German economist and banker has been serving as Chief Executive Officer of the German Insurance Association (GDV) since 2020. Asmussen served as a member of the Executive Board of the European Central Bank (ECB) from 2012 to 2014. He also served in the German federal government, most prominently as State Secretary at the Federal Ministry of Labour and Social Affairs from 2014 to 2016 and the Federal Ministry of Finance from 2008 to 2011. Asmussen has been a member of the Social Democratic Party of Germany (SDP) since 1987. After leaving the government, Asmussen joined the investment bank Lazard in 2016 as managing director in financial advisory and rose to head of M & A for Europe and head of the Financial Institutions Group for Continental Europe. Early life and education Asmussen earned a master's degree in business administration, Bocconi University in 1992 and a Diplom degree in economics, University of Bonn in 1994. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Benoît Cœuré
Benoît Georges Cœuré (; born 17 March 1969) is a French economist who has been serving as President of the ''Autorité de la concurence'' since 2022. He previously served as a member of the Executive Board of the European Central Bank from 2012 to 2019. Education Benoît Cœuré graduated from Ecole Polytechnique (X 1987) and the National School of Statistics and Economic Administration ( Ensae). He also holds a Master of Advanced Studies (DEA) in economic analysis and policy from the School for Advanced Studies in the Social Sciences (EHESS) and a B.A. in Japanese from University Paris 7. Early career Cœuré taught economics at l'Ecole Polytechnique and was chief economist, No. 2 official, head of multilateral affairs and development, and head of France’s debt-management office in the country's finance ministry. From 2007 to 2009, Cœuré was also co-chair of the Paris Club of official creditors. In addition, he co-chaired the G20 Working Group on Reforming the Wo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lorenzo Bini Smaghi
Lorenzo Bini Smaghi (born 29 November 1956 in Florence) is an Italian economist and banker who served as a member of the Executive Board of the European Central Bank from 2005 to 2011. He has been Chairman of the Board of Directors of the Société Générale since 2015. Early life and education Bini Smaghi grew up in Brussels, acquiring a knowledge of foreign languages at an early age. In 1974 he graduated from the Lycée Français de Bruxelles. In 1978 he graduated in Economics from the Université catholique de Louvain (Belgium). With a scholarship from the U.S.-Italy Fulbright Commission, in 1980 he received a master's degree in Economics from the University of Southern California; and a Ph.D. from the University of Chicago in 1988. Career Career in the public sector Before joining the ECB, Bini Smaghi was Director General for International Financial Relations of the Italian Ministry of Economy and Finance. In this capacity, he also served as vice-president of the Econom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tommaso Padoa-Schioppa
Tommaso Padoa-Schioppa, OMRI (; 23 July 1940 – 18 December 2010) was an Italian banker and economist who served as Italy's Minister of Economy and Finance from 2006 to 2008. He previously served as a member of the Executive Board of the European Central Bank from 1998 to 2005. Padoa-Schioppa is considered as a founding father of the European single currency. He was a former member of the Steering Committee of the Bilderberg Group. Biography He was born in the mountain town of Belluno in north-eastern Italy. Both his parents were intellectuals. His father, Fabio (1911–2012), whom he did not meet until after the war in 1945, was a teacher and later became a senior executive at the insurance company Assicurazioni Generali. He graduated from Bocconi University ( Milan) in 1966 and received a master's degree from the Massachusetts Institute of Technology in 1970. After his first job in Germany with the retailer C&A Brenninkmeijer, he joined the Bank of Italy in 1968, eventuall ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yves Mersch
Yves Mersch (born 1 October 1949 in Luxembourg City) is a Luxembourgish jurist and lawyer who served as a member of the Executive Board of the European Central Bank from 2012 to 2020. He previously served as first Governor of the Central Bank of Luxembourg from 1998 to 2012. At his departure of the ECB in 2020, he was the longest ever serving member of the ECB's Governing council. Frank Elderson succeeded him. Early life and education Mersch studied international law in Paris and is a member of the Luxembourgish bar. In 1973 he received his master's degree in Law from the University Paris 1 Panthéon-Sorbonne, in 1974 he finished his Postgraduate degree in International Public Law, Master of Political Science from the University Paris 1 Panthéon-Sorbonne, and in 1975 he earned his Postgraduate degree in Political Science, from the University Paris 1 Panthéon-Sorbonne. Career Mersch served as assistant to the IMF’s Belgian executive director between 1976 and 1978 and later h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
José Manuel González-Paramo
José M. González-Páramo is a Spanish economist who served as a member of the Executive Board of the European Central Bank from 2004 to 2012. Early life and education González-Páramo holds a Ph.D., M.Phil. and M.A. in Economics from Columbia University, for which he was a Fulbright scholar,. He also has a Ph.D. from Universidad Complutense. Career Career in the public sector González-Páramo's professional record comprises central bank decision-making and private sector responsibilities, academic experience and advisory positions. In 1988 he was appointed Professor of Economics at UCM. In addition, he has taught advanced courses in economic analysis of public policies at the Centro de Estudios Monetarios y Financieros in Madrid and at other research centres. From 1985 to 1994 González-Páramo was an economic adviser to various public and private institutions including the Banco de España (1989–1994), the European Commission, the IMF and the World Bank Group. He has ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eugenio Domingo Solans
Eugenio Domingo Solans (26 November 1945 in Barcelona – 9 November 2004) was a Spanish economist who served as a member of the Executive Board of the European Central Bank from 1998 to 2004. In 2006 he was awarded posthumously the Grand Cross of the Order of Isabella the Catholic The Order of Isabella the Catholic ( es, Orden de Isabel la Católica) is a Spanish civil order and honor granted to persons and institutions in recognition of extraordinary services to the homeland or the promotion of international relations a .... 1945 births 2004 deaths Executive Board of the European Central Bank members Knights Grand Cross of the Order of Isabella the Catholic Spanish economists {{Spain-bio-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gertrude Tumpel-Gugerell
Gertrude Tumpel-Gugerell (born 11 November 1952 in Kapelln) is an Austrian economist who served as a member of the Executive Board of the European Central Bank from 2003 to 2011. She previously served as vice-governor of the Oesterreichische Nationalbank from 1998 to 2003. She has been a member of the Council of the University of Leoben. Career From 1998 until 2003, Tumpel-Gugerell served as vice governor of Austria's central bank Oesterreichische Nationalbank. During her time as member of the Executive Board of the European Central Bank, Tumpel-Gugerell was responsible for market operations, payment systems and market infrastructure as well as human resources, the budget, and organisation. Currently, Tumpel-Gugerell is an Emeritus Consultant at the Austrian Institute of Economic Research (WIFO). From 2013 until 2014, she also served as chairperson of the European Commission's expert group on a debt redemption fund and eurobills; in 2014, she submitted the group's final report t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sirkka Hämäläinen
Sirkka Aune-Marjatta Hämäläinen (born 8 May 1939 in Riihimäki) is a Finnish economist who served as a member of the Executive Board of the European Central Bank from 1998 to 2003. She previously served as the Governor of the Bank of Finland from 1992 to 1998. Hämäläinen was the first woman to hold either post. Early life and education Hämäläinen was born on 8 May 1939, in Riihimäki. Her parents were Martti Oskari Hinkkala, a farmer, and Impi Aune Nikander, a household economics teacher. She graduated from the Karkkila Co-educational School in 1957 and following it attended Helsinki School of Economics from which she obtained her B.S. and M.Sc. in economics in 1961 and 1964 respectively. She continued her studies at the same alma mater and got her Licentiate and Doctorate in 1979 and 1981 respectively. Career Sirkka Hämäläinen began her career in 1961 as a research assistant at the Bank of Finland Institute for Economic Research. She was then promoted to Economist ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
