N o n m a r k e t a b l e d e b t i n s t r u m e n t s

TA K E N B Y C O N S U M E R S A N D F I R M S ?

( h ) T a r g e t r e i m b u r s e m e n t s c h e m e 1 .

H T M L M e s s a g e

B. Other participating Member States M M M EN a. to MFIs

N o H T M L M e s s a g e

N o H T M L M e s s a g e

B ( i ) I n s t r u m e n t a n d m a t u r i t y c a t e g o r i e s ( a ) Liabilities

A s i n t h e a b ove m e n t i o n e d

C H A R T E C B I N T E R E S T R AT E S A N D M O N E Y M A R K E T R AT E S

aggregate supply and the degree of capacity t o a s s e s s m o ve m e n t s i n a g g re g a t e d e m a n d ,

B. Other participating Member States M M M M

B. Other participating Member States M M M M

3 . 3 C O L L E C T I O N , C O M P I L AT I O N A N D D I S T R I B U T I O N O F M O N E TA R Y , F I N A N C I A L , B A N K I N G , PAY M E N T S Y S T E M S A N D B A L A N C E O F PAY M E N T S S TAT I S T I C S The ECB 's powers in relation to the collection of statistical information are set out in Article 5 of the Statute .

P l a i n M e s s a g e

B. Other participating Member States M M M

B A L A N C E S H E E T A S AT 3 1 D E C E M B E R 2 0 0 3 ASSETS NOTE NUMBER 2003 Euros 2002 Euros

THE IMPORTANCE OF PRICE B OX 3.1 M E A S U R I N G I N F L AT I O N A S I M P L E E X A M P L E Let us illustrate the considerations above by means re p re s e n t a t i ve m a r ke t b a s ke t o f t h e ye a r l y drinks , ten energy drinks and one mountain bike .

B. Other participating Member States M M

TOWA R D S A S I N G L E E U RO PAY M E N T S A R E A F E B R UA RY 2 0 0 6

It's like a consenting intellectual S M activity.

i n t e n s i f i e d i t s wo r k i n t h e c u s t o m e r t o b a n k d o m a i n .

Fo r a l l t h e s e re a s o n s , s t a f f m a c ro e c o n o m i c strategy .

2001R2423 EN 04.01.2008 006.001 16 B ( b ) S u b s e c t o r b r e a k d o w n o f M F I d e p o s i t l i a b i l i t i e s t o the general government ( other than central government ) of the participating Member States 5 .

( b ) S u b s e c t o r b r e a k d o w n o f M F I d e p o s i t l i a b i l i t i e s t o t h e g e n e r a l g o v e r n m e n t ( o t h e r than central government ) of the participating Member States 5 .

The macroeconomic projections of c i rc u m s t a n c e s , b e s e e n a s q u e s t i o n i n g t h e c o m m i t m e n t o f t h e G o ve r n i n g C o u n c i l t o

( a ) S u b s e c t o r a n d m a t u r i t y b r e a k d o w n o f c r e d i t t o n o n M F I s o f t h e p a r t i c i p a t i n g Member States 3 .

POLICY M O N E TA RY A N A LY S I S Money provides a nominal anchor

Derived annual stocks s b s monthly flows s b s Quarterly stocks s b s derived quarterly flows s b s estimated monthly flows agg .

A. Domestic M M M M

Monthly stocks s b s derived monthly flows s b s Annual stocks s b s monthly flows agg .

re m a i n e d t h e re s p o n s i b i l i t y o f t h e n a t i o n a l

A. Domestic M M M

S E PA A N D T H E E U RO S Y S T E M

( a ) S u b s e c t o r a n d m a t u r i t y b r e a k d o w n o f c r e d i t t o non MFIs of the participating Member States 3 .

B A N K N OT E S

EC B S TATIS TIC S A BRIEF OVERVIEW AU GU S T 2005

B. Other participating Member States M

Reserve base calculated as the sum of the following columns in Table 1 ( Liabilities ) ( a ) ( b ) ( c ) ( d ) ( e ) ( j ) ( k ) ( l ) ( m ) ( n ) ( s )

Reserve base calculated as the sum of the following columns in Table 1 ( Liabilities ) ( a ) ( b ) ( c ) ( d ) ( e ) ( j ) ( k ) ( l ) ( m ) ( n ) ( s )

To state that a formula formula_5 is true at a certain world, one writes formula_37, normally read as formula_5 is true at (M,s), or (M,s) satisfies formula_5 .

( i ) I n s t r u m e n t a n d m a t u r i t y c a t e g o r i e s

( i ) I n s t r u m e n t a n d m a t u r i t y c a t e g o r i e s

Loans A. Domestic M M M

THE S I N G L E E U RO P AY M E N T S A R E A ( S E PA ) A N I N T E G R AT E D R E TA I L PAY M E N T M A R K E T