European System of Central Banks (ESCB) - Financial definition
Financial acronyms
The entire acronym collection of this site is now also available offline with this new app for iPhone and iPad.
Concise definition of the term European System of Central Banks
The ESCB is composed of the European Central Bank (ECB) and of the national central banks of the EU Member States.
Comprehensive definition of the term European System of Central Banks
National central banks of Member States which have not adopted the Euro retain their powers in the field of monetary policy according to national law and are thus not involved in the conduct of the monetary policy of the Eurosystem.