All in all, it is apparent that both the institutional and organisational structure of the Eurosystem and the choice of the monetary policy strategy and instruments have contributed to achieving continuity in monetary policy.
They also permit central banks to limit the vulnerability of the country to external shocks, give confidence to the public and reassure credit rating agencies and international financial institutions about the soundness of the economy. Traditionally, the control and management of foreign exchange reserves have been the preserve of central banks.