Definition
System of central banks of the euro area. It comprises the European Central Bank and the national central banks of the member states that have adopted the euro.
Further information
In contrast, the European System of Central Banks (ESCB) includes the Eurosystem and the national central banks of the other countries belonging to the European Union.
Related concepts
- Banco de España
- Economic and Monetary Union (EMU)
- European Union
- European Central Bank
- National central banks
Update date: January 2025
