Objectives and Tasks of the European System of Central Banks and the European Central Bank : A Commentary on Article 105 Tec

This contribution is a commentary on Article 105 European Community Treaty (TEC). This provision concerns the objectives and tasks of the European System of Central Banks and the European Central Bank. The commentary discusses the ESCB's monetary and economic objectives, and its main tasks. It continues with an assessment of the ECB's consultative task. The commentary considers also the ESCB's and ECB's tasks concerning prudential supervision of financial institutions