Aspects Regarding the Organization and Activity of the Federal Reserve System and the European Central Bank

• Main Authors: Irena Munteanu, Alexandra Barbu
• Format: Article
• Language: English
• Published: Ovidius University Press 2020-01-01
• Series: Ovidius University Annals: Economic Sciences Series
• Subjects: fed; ecb; monetary policy; money market
• Online Access: https://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2021/03/Section%205/27.pdf

The Fed and the European Central Bank (ECB) are two key institutions on the global financial markets. The areas of action of these institutions cover approximately 36% of the world economy. Thus, a topic which tackles institutions such as the Fed and the ECB is and will continue to be a relevant subject. The aim of this paper is to identify the similarities and differences between the two institutions, the guidelines and the adopted strategies Last but not least, the measures adopted in 2020 in the context of the COVID-19 pandemic will be presented The objectives of the research are: the comparison of the main pillars on which the activity of the two institutions is based. The objectives, structure and organization, responsibilities and monetary policy instruments will be analyzed comparatively.