natgillin/translations-raw huggingface dataset:
Recommendation ( ECB / 1998/11 ) for a Council Regulation ( EC ) concerning the limits and conditions for capital increases of the European Central Bank ( OJ C 411 , 31.12.1998 , p. 10 ) ;
Priporočilo ( ECB / 1998/11 ) za Uredbo Sveta ( ES ) o mejah in pogojih za povečanje kapitala Evropske centralne banke ( UL C 411 , 31.12.1998 , str . 10 ) ;
Recommendation ( ECB / 1999/1 ) for a Council Regulation ( EC ) concerning further calls of foreign reserve assets by the European Central Bank ( OJ C 269 , 23.9.1999 , p. 9 ) .
Priporočilo ( ECB / 1999/1 ) za Uredbo Sveta ( ES ) o zahtevah Evropske centralne banke po dodatnih rezervah ( UL C 269 , 23.9.1999 , str . 9 ) .
to the statistical authorities ( other than the NCBs ) of some Member States on the ECB 's statistical reporting requirements in the field of balance of payments and international investment position statistics15 . Another example is the ECB recommendation to the euro area member countries on the abrogation of provisions limiting the amount of coins denominated in a national currency unit that can be used in any single payment16 .
Tako na primer v skladu s členom 27.1 Statuta ESCB zunanje revizorje nacionalnih centralnih bank Eurosistema potrdi Svet EU na priporočilo ECB . Priporočila ECB državam članicam se nanašajo predvsem na sodelovanje z nacionalnimi organi v statističnih zadevah , kot na primer priporočilo ECB statističnim organom ( z izjemo nacionalnih centralnih bank ) nekaterih držav članic o zahtevah ECB za statistično poročanje na področju statistike plačilne bilance in stanja mednarodnih naložb15 .
ECB opinions ECB opinions are delivered : -* whenever the ECB is consulted by the Community institutions or by the Member States in line with the Treaty or the Statute ; or -* on the ECB 's own initiative , i.e. whenever the ECB deems it appropriate , on matters falling within its field of competence .
Še en primer je priporočilo ECB državam članicam euroobmočja o odpravi določb , ki omejujejo število kovancev v nacionalni valuti , ki se lahko uporabijo v okviru posameznega plačila16 . Mnenja ECB ECB daje mnenja : -* kadar koli se v skladu s Pogodbo ali Statutom z njo posvetujejo institucije Skupnosti ali države članice ;
The Community legislative bodies are required to consult the ECB on any proposed Community act that falls within its field of competence . Likewise , within the limits and under the conditions laid down in a Council Decision17 , EU Member States must consult the ECB on draft legislative provisions that fall within its field of competence .
kadar koli se ji zdi primerno , in sicer v zadevah , ki spadajo na področje njene pristojnosti . Zakonodajni organi Skupnosti se morajo posvetovati z ECB o vseh predlaganih pravnih aktih Skupnosti , ki spadajo na področje njene pristojnosti .
Subject areas include currency matters , means of payment , NCBs , the collection , compilation and distribution of monetary , financial , banking , payment system and balance of payments statistics , and rules applicable to financial institutions insofar as they materially influence the stability of financial institutions and markets . In addition , the authorities of the non-euro area Member States must consult the ECB on any draft legislative provisions on the instruments of monetary policy .
Enako se morajo v mejah in pod pogoji , določenimi v Odločbi Sveta17 , z ECB posvetovati države članice . Ta področja med drugim vključujejo valutne zadeve , plačilna sredstva , nacionalne centralne banke , zbiranje , pripravo in razširjanje denarnih , finančnih in bančnih statističnih podatkov ter statističnih podatkov o plačilnih sistemih in plačilni bilanci ter pravila , ki se nanašajo na finančne institucije , če pomembno vplivajo na stabilnost finančnih institucij in trgov .
However , the United Kingdom has been exempted from the obligation to consult the ECB by a Protocol annexed to the Treaty18 « if and so long as the United Kingdom does not move to the third stage [ of EMU ] » . Finally , Article 48 of the EU Treaty states that the ECB must also be consulted « in the case of institutional changes in the monetary area » .
Poleg tega se morajo tudi organi držav članic zunaj euroobmočja posvetovali z ECB o osnutkih zakonodajnih določb , ki se nanašajo na instrumente denarne politike . Izvzeto je le Združeno kraljestvo na podlagi Pogodbi priloženega Protokola18 , in sicer „če in dokler Združeno kraljestvo ne preide v tretjo fazo [ EMU ] » .
The ECB welcomed the draft Constitution as simplifying , streamlining and clarifying the legal and institutional framework of the European Union . Despite this generally positive assessment , the ECB 's opinion identified some articles in the draft Constitution which would Recommendation ( ECB / 2003/8 ) of 2 May 2003 on the statistical reporting requirements of the European Central Bank in the field of balance of payments and international investment position statistics , and the international reserves template ( OJ C 126 , 28.5.2003 , p. 7 ) .
Priporočilo ( ECB / 2003/8 ) z dne 2 . maja 2003 o zahtevah Evropske centralne banke za statistično poročanje na področju statistike plačilne bilance in stanja mednarodnih naložb ter predloge za dajanje podatkov o mednarodnih rezervah in devizni likvidnosti ( UL C 126 , 28.5.2003 , str .
16 Recommendation ( ECB / 2001/17 ) of 6 December 2001 regarding the abrogation of participating Member States » provisions limiting the amount of coins denominated in a national currency unit that can be used in any single payment ( OJ C 356 , 14.12.2001 , p. 9 ) .
16 Priporočilo ( ECB / 2001/17 ) z dne 6 . decembra 2001 o odpravi določb sodelujočih držav članic , ki omejujejo število kovancev , denominiranih v nacionalni valuti , ki se lahko uporabijo v okviru posameznega plačila ( UL C 356 , 14.12.2001 , str .
17 Council Decision 98/415 / EC of 29 June 1998 on the consultation of the European Central Bank by national authorities regarding draft legislative provisions ( OJ L 189 , 3.7.1998 , p. 42 ) .
17 Odločba Sveta 98/415 / ES z dne 29 . junija 1998 o posvetovanju državnih organov z Evropsko centralno banko glede osnutka zakonodajnih določb ( UL L 189 , 3.7.1998 , str .
18 Protocol on certain provisions relating to the United Kingdom of Great Britain and Northern Ireland .
18 Protokol o nekaterih določbah , ki se nanašajo na Združeno kraljestvo Velika Britanija in Severna Irska .
19 Opinion on the amendments of Article 10.2 of the Protocol on the Statute of the European System of Central Banks and of the European Central Bank ( OJ C 362 , 16.12.2000 , p. 13 ) .
Končno člen 48 Pogodbe EU določa , da se je treba z ECB posvetovati tudi „ob institucionalnih spremembah na monetarnem področju » .
20 Opinion on the draft Treaty establishing a Constitution for Europe ( OJ C 229 , 25.9.2003 , p. 7 ) . 15
Na podlagi te določbe je bila ECB zaprošena za mnenje med pogajanji o Pogodbi iz Nice19 in osnutku Pogodbe o Ustavi za Evropo20 . ECB je pozdravila osnutek ustave , ki poenostavlja , racionalizira in razjasnjuje pravni in institucionalni okvir Evropske unije .
benefit from further clarification and adjustment . Furthermore , the ECB intervened formally in the negotiations of the IGC .
Navkljub tej na splošno pozitivni oceni je ECB v mnenju omenila nekatere člene , ki bi potrebovali dodatno razjasnitev in prilagoditev . Poleg tega je ECB tudi formalno posegla v pogajanja medvladne konference .
In a letter to the President of the EU Council dated 26 November 2003 , the ECB 's President conveyed serious concerns from the Governing Council on a proposal from the Council Presidency , according to which basic provisions governing the ECB 's decision-making bodies could have been amended in a simplified procedure without ratification by the Member States . Subsequent to the ECB 's intervention , the proposal was withdrawn .
V pismu predsedniku Sveta EU z dne 26 . novembra 2003 je predsednik ECB izrazil resno zaskrbljenost Sveta ECB zaradi predloga , ki ga je pripravilo predsedstvo Sveta in po katerem bi se temeljne določbe , ki se nanašajo na organe odločanja ECB , lahko spreminjale po poenostavljenem postopku , ne da bi bila potrebna ratifikacija s strani držav članic .
21 The ECB may also submit opinions on its own initiative to Community institutions or national authorities on matters within its field of competence .
Po tej intervenciji je bil predlog umaknjen21 . ECB lahko tudi na lastno pobudo daje mnenja institucijam Skupnosti ali nacionalnim organom v zadevah s področja svoje pristojnosti .
These matters are not limited to draft legislation but extend to all issues relevant for the ECB .
Te zadeve niso omejene na osnutke zakonodaje , pač pa obsegajo vse zadeve , pomembne za ECB .
The ECB 's advisory role ensures that it is involved in all Community and national legal acts within its field of competence and gives its advice as an independent Community organisation vested with its own exclusive competences .
Svetovalna vloga ji zagotavlja , da sodeluje pri vseh pravnih aktih Skupnosti in nacionalnih pravnih aktih s področja njene pristojnosti ter pri tem daje mnenja kot neodvisna organizacija Skupnosti z lastnimi izključnimi pristojnostmi .
As the list of opinions published on the ECB 's website shows , they cover a wide range of topics . 2 .
Kot kaže seznam mnenj , objavljen na spletni strani ECB , ta pokrivajo širok spekter tem .
5 . 5 M o n i t o r i n g c o m p l i a n c e w i t h t h e p ro h i b i t i o n o f m o n e t a r y financing and privileged access Under Article 237 ( d ) of the EC Treaty , the ECB is entrusted with the task of monitoring compliance with the provisions of Articles 101 and 102 of the Treaty and Council Regulations ( EC ) Nos 3603/9322 and 3604/9323 .
2.5.5 Spremljanje skladnosti s prepovedjo denarnega financiranja in privilegiranega dostopa V skladu s členom 237 ( d ) Pogodbe ES je ECB dobila nalogo , da spremlja skladnost z določbami členov 101 in 102 Pogodbe ter Uredb Sveta ( ES ) št . 3603/9322 in 3604/9323 .
Article 101 of the Treaty prohibits the ECB and the NCBs from providing overdraft facilities or any other type of credit facility to governments and Community institutions or bodies , and from purchasing debt instruments directly from them ;
Člen 101 Pogodbe prepoveduje ECB in nacionalnim centralnim bankam , da bi državam , institucijam ali organom Skupnosti odobrile prekoračitve pozitivnega stanja na računu ali druge oblike kreditov , ali da bi neposredno od njih kupovale dolžniške instrumente ;
an exception to this is the UK government 's « ways and means » facility with the Bank of England24 .
pri tem je izvzeto zbiranje proračunskih sredstev vlade Združenega kraljestva pri Bank of England24 .
Article 102 prohibits any measure , not based on prudential considerations , that establishes privileged access for governments and Community institutions or bodies to financial institutions .
Člen 102 prepoveduje vse ukrepe , ki se ne sprejmejo iz previdnostnih razlogov , če se z njimi vzpostavlja privilegiran dostop držav ter institucij in organov Skupnosti do finančnih institucij .
Within the ECB , the General Council performs the task of monitoring compliance with these provisions since they apply to the central banks of all EU Member States .
V ECB je Razširjeni svet tisti , ki opravlja nalogo spremljanja skladnosti s temi določbami , saj le-te veljajo za centralne banke vseh držav članic EU .
The European Commission monitors Member States » compliance .
Evropska komisija pa spremlja skladnost držav članic s temi določbami .
The ECB also monitors the EU central banks » secondary market purchases of debt instruments issued by both the domestic public sector and the public sector of other EU Member States .
Mnenje v zvezi s spremembo člena 10.2 Protokola o Statutu Evropskega sistema centralnih bank in Evropske centralne banke ( UL C 362 , 16.12.2000 , str .
According to Council Regulation ( EC ) No 3603/93 , the acquisition of public sector debt instruments in the secondary market must not be used to circumvent the objective of Article 101 of the Treaty , thereby becoming a way of indirectly financing the public sector .
13 ) . 20 Mnenje o osnutku Pogodbe o Ustavi za Evropo ( UL C 229 , 25.9.2003 , str .
See ECB ( 2004 ) , Annual Report 2003 , Section 4.1 .
21 Glej ECB ( 2004 ) , Annual Report 2003 , poglavje 4.1 .
Council Regulation ( EC ) No 3603/93 of 13 December 1993 specifying definitions for the application of the prohibitions referred to in Articles 104 and 104b ( 1 ) of the Treaty ( OJ L 332 , 31.12.1993 , p. 1 ) .
3603/93 z dne 13 . decembra 1993 o opredelitvi pojmov za uporabo prepovedi iz členov 104 in 104b ( 1 ) Pogodbe ( UL L 332 , 31.12.1993 , str .
23 Council Regulation ( EC ) No 3604/93 of 13 December 1993 specifying definitions for the application of the prohibition of privileged access referred to in Article 104a of the Treaty ( OJ L 332 , 31.12.1993 , p. 4 ) .
3604/93 z dne 13 . decembra 1993 o opredelitvi pojmov za uporabo prepovedi privilegiranega dostopa iz člena 104a Pogodbe ( UL L 332 , 31.12.1993 , str .
24 Paragraph 11 of the Protocol on certain provisions relating to the United Kingdom of Great Britain and Northern Ireland . 21 22
24 Odstavek 11 Protokola o nekaterih določbah , ki se nanašajo na Združeno kraljestvo Velika Britanija in Severna Irska .
6 Pe r f o r m a n c e o f t a s k s t a ke n ove r f ro m t h e E M I Since some EU Member States do not participate in Stage Three of EMU ( see Section 1.2.2 ) , some tasks of the EMI still need to be performed .
nakupi ne smejo postati način posrednega financiranja javnega sektorja . 2.5.6 Izvajanje od EMI prevzetih nalog Ker nekatere države članice EU ne sodelujejo v tretji fazi ekonomske in monetarne unije ( glej razdelek 1.2.2 ) , se morajo nekatere naloge EMI še vedno izvajati .
Following the liquidation of the EMI , Article 123 ( 2 ) of the EC Treaty and Article 44 of the Statute of the ESCB entrusted these transitional tasks to the ECB .
Ob likvidaciji EMI so bile te prehodne naloge s členom 123 ( 2 ) Pogodbe in členom 44 Statuta ESCB zaupane ECB .
The two basic tasks taken over by the ECB from the EMI are : -* to foster cooperation between the Eurosystem and the non-euro area NCBs ;
Dve temeljni nalogi , prevzeti od EMI , sta : -* spodbujati sodelovanje med Eurosistemom in nacionalnimi centralnimi bankami zunaj euroobmočja ;
-* to make the preparations required for the integration of new Member States » NCBs into the ESCB and for the eventual accession of non-euro area NCBs to the Eurosystem .
-* opravljati pripravljalna dela za vključitev nacionalnih centralnih bank novih držav članic v ESCB in za pristop nacionalnih centralnih bank zunaj euroobmočja k Eurosistemu .
The accession of ten new Member States to the European Union on 1 May 2004 and the prospect of further EU enlargement give a new dimension to the tasks taken over from the EMI .
Pristop desetih novih držav članic k Evropski uniji 1 . maja 2004 in prihodnja nadaljnja širitev EU dajeta nalogam , prevzetim od EMI , novo dimenzijo .
Although new Member States will only adopt the euro at a later stage , i.e. when they fulfil the necessary conditions , their NCBs have become ex officio members of the ESCB .
Čeprav bodo nove države članice uvedle euro šele v poznejši fazi , tj . ko bodo izpolnile potrebne pogoje , so njihove nacionalne centralne banke že postale članice ESCB po uradni dolžnosti .
As regards the recent EU enlargement , the ECB had been preparing the integration into the ESCB of the ten new NCBs for the past few years and , looking ahead , it is now considering the implications of these countries » eventual integration into the Eurosystem .
Medtem ko je ECB zadnja leta pripravljala njihovo vključitev v ESCB , zdaj že proučuje posledice vključitve teh držav v Eurosistem .
Also under Article 123 ( 2 ) of the EC Treaty and in line with Article 9 of Council Regulation ( EC ) No 332/200225 , the ECB administers the borrowing and lending operations of the European Community under the medium-term financial assistance mechanism26 .
V skladu s členom 123 ( 2 ) Pogodbe in členom 9 Uredbe Sveta ( ES ) št . 332/200225 ECB vodi tudi operacije najemanja in dajanja posojil Evropske skupnosti v okviru mehanizma srednjeročne finančne pomoči26 .
The mechanism is based on Article 119 of the Treaty , which gives , among other things , assistance to non-euro area Member States in case of serious balance of payments difficulties .
Mehanizem temelji na členu 119 Pogodbe , ki med drugim predvideva pomoč državam članicam zunaj euroobmočja v primeru resnih plačilnobilančnih težav .
The proceeds of such operations may only be transferred to the central banks of the beneficiary Member States .
Izkupiček takih operacij se lahko razdeli le centralnim bankam upravičenih držav članic .
Currently , the mechanism is not used .
Mehanizem se trenutno ne uporablja . Uredba Sveta ( ES ) št .
Council Regulation ( EC ) No 332/2002 of 18 February 2002 establishing a facility providing medium-term financial assistance for Member States » balances of payments ( OJ L 53 , 23.2.2002 , p. 1 ) .
332/2002 z dne 18 . februarja 2002 o ustanovitvi aranžmaja za zagotavljanje srednjeročne finančne pomoči za plačilne bilance držav članic ( UL L 53 , 23.2.2002 , str .
26 Decision ECB / 2003/14 of 7 November 2003 concerning the administration of the borrowingand-lending operations concluded by the European Community under the medium-term financial assistance facility ( OJ L 297 , 15.11.2003 , p. 35 ) .
26 Sklep ECB / 2003/14 z dne 7 . novembra 2003 o vodenju poslov najemanja in dajanja posojil , ki jih je sklenila Evropska skupnost v okviru sistema srednjeročne finančne pomoči ( UL L 297 , 15.11.2003 , str .
74 Illuminated euro symbol in front of the Eurotower .
Osvetljeni simbol eura pred Eurostolpnico ( Eurotower ) 74
3 ECB POLICIES AND EUROSYSTEM ACTIVITIES 3 . 1 T H E C O N D U C T O F M O N E TA RY P O L I C Y A detailed description of the ECB 's monetary policy including theoretical foundations and practical implementation is given in The monetary policy of the ECB , published by the ECB in January 2004 .
3 POLITIKE ECB IN DEJAVNOSTI EUROSISTEMA 3.1 VODENJE DENARNE POLITIKE Denarna politika ECB , skupaj s teoretično podlago in praktičnim izvajanjem , je podrobno opisana v publikaciji The Monetary Policy of the ECB ( januar 2004 ) .
The present publication limits itself to the presentation of basic considerations on this policy function .
Ta knjiga pa se omejuje na osnovne razmisleke o tej nalogi .
1 T h e o re t i c a l f o u n d a t i o n s The capacity of monetary policy to ensure price stability over the medium term is based on the banking system 's dependence on money issued by the central bank ( known as « base money ") to : i. ii .
3.1.1 Teoretiãna podlaga Zmožnost denarne politike , da v srednjeročnem obdobju zagotavlja cenovno stabilnost , temelji na odvisnosti bančnega sistema od denarja , ki ga izdaja centralna banka ( „primarni denar ") .
meet the demand for currency in circulation ;
Banke so odvisne od centralnobančnega denarja pri : ( i ) zadovoljevanju povpraševanja javnosti po gotovini ;
clear interbank balances ;
( ii ) poravnavi medbančnih saldov ;
iii . meet the requirements for the minimum reserves that may have to be deposited with the central bank .
( iii ) izpolnjevanju zahtev po obveznih rezervah na računu pri centralni banki .
Given its monopoly over the creation of base money , the Eurosystem is in a position to exert a dominant influence on money market conditions and money market interest rates .
Glede na monopol nad ustvarjanjem primarnega denarja ima Eurosistem možnost , da odločilno vpliva na pogoje in obrestne mere denarnega trga .
Changes in money market rates induced by the central bank set in motion a number of mechanisms and actions by economic agents , ultimately influencing developments in economic variables such as output or prices ( see Box 9 ) .
Spremembe obrestnih mer denarnega trga , ki jih povzroči centralna banka , sprožijo številne mehanizme in odzive gospodarskih subjektov , ki končno vplivajo na gibanje gospodarskih spremenljivk , kot so obseg proizvoda in cene ( glej okvir 9 ) .
This process , which is known as the « monetary policy transmission mechanism » and described in detail in the ECB 's publication The monetary policy of the ECB is complex .
Ta proces , ki se imenuje „transmisijski mehanizem denarne politike » in je podrobno opisan v publikaciji ECB z naslovom The Monetary Policy of the ECB , je kompleksen .
Since it involves a number of different mechanisms and actions by economic agents at various stages , monetary policy action usually takes a considerable time to affect price developments .
Ker obsega številne različne mehanizme in odzive gospodarskih subjektov v različnih fazah , mora običajno preteči precej časa , preden se pokaže vpliv ukrepov denarne politike na gibanje cen .
Furthermore , the size and strength of the different effects can vary according to the state of the economy , which makes the precise impact difficult to estimate .
Poleg tega se lahko velikost in moč različnih vplivov razlikujeta glede na stanje gospodarstva , zaradi česar jih je težko natančno oceniti .
However , it is a widely accepted proposition in the economic profession that , in the long run , i.e. after all adjustments in the economy have worked through , a change in the quantity of money in the economy ( all other things being equal ) will be reflected in a change in the general level of prices and will not induce permanent changes in real variables such as real output or unemployment .
Kljub temu se ekonomisti večinoma strinjajo s tezo , da na dolgi rok , ko se zgodijo vse prilagoditve v gospodarstvu , sprememba količine denarja v gospodarstvu ( ob nespremenjenih ostalih pogojih ) vpliva na splošno raven cen in ne povzroči trajnih sprememb realnih spremenljivk , kot sta realna rast gospodarstva ali brezposelnost .
Related to this is the assertion that inflation is ultimately a monetary phenomenon .
V tem kontekstu je treba razumeti tudi trditev , da je inflacija pravzaprav denarni pojav .
Indeed , prolonged periods of high inflation are typically associated with high monetary growth .
Dejansko se daljša obdobja visoke inflacije običajno povezujejo z močno rastjo količine denarja .
While other factors ( such as variations in aggregate demand , technological changes or commodity price shocks ) can influence price developments over shorter horizons , over time their effects can be offset by some degree of adjustment of the money stock .
Medtem ko lahko drugi dejavniki ( spremembe agregatnega povpraševanja , tehnološke spremembe ali šoki zaradi cen surovin ) na krajši rok vplivajo na gibanje cen , se njihovi učinki na dolgi rok nevtralizirajo z določeno prilagoditvijo količine denarja .
In this sense , the longer-term trends of prices or inflation can be controlled by central banks .
To pomeni , da lahko centralne banke nadzirajo dolgoročnejše trende cen ali inflacije .
B ox 9 T h e t r a n s m i s s i o n m e c h a n i s m o f m o n e t a r y p o l i c y The starting point of the transmission process of monetary policy is the changes in money market rates which the central bank can trigger through its control over money market conditions .
Okvir 9 Transmisijski mehanizem denarne politike Izhodiščna točka transmisijskega procesa denarne politike so spremembe obrestnih mer denarnega trga , ki jih lahko sproži centralna banka prek uravnavanja pogojev denarnega trga .
Changes in money market rates in turn affect other interest rates , albeit to varying degrees .
Spremembe obrestnih mer denarnega trga nato vplivajo na druge obrestne mere , čeprav v različni meri .
For example , changes in money market rates have an impact on the interest rates set by banks on short-term loans and deposits .
Tako na primer vplivajo na obrestne mere bank za kratkoročna posojila in vloge .
In addition , expectations of future official interest rate changes affect longer-term market interest rates , since these reflect expectations of the future evolution of short-term interest rates .
Na dolgoročnejše obrestne mere pa vplivajo tudi pričakovanja o prihodnjih spremembah ključnih obrestnih mer , saj se v dolgoročnejših obrestnih merah odražajo pričakovanja o prihodnjem gibanju kratkoročnih obrestnih mer .