Central Banking

Gertrude Tumpel-Gugerell

How would you describe the role of central banks, especially the European Central Bank (ECB), in the far-reaching changes we see unfolding in Europe's financial infrastructure?

The eurozone's financial sector is really reaping the benefits of the single currency now and becoming better integrated. The Eurosystem central banks are, as in any other currency area, a part of and partner in this process. Since integration in the eurozone is a special challenge, it is a special challenge for the centr