It is therefore prepared to continue to deliver on the priority of price stability for euro area citizens, while contributing to favourable growth conditions and financial stability in a world in which market-based finance is ever more complex and dominant. In sum, the ECB is now a modern, effective and prepared central bank to serve the goals of monetary union.
References Altavilla, C., G. Carboni and R. Motto (2015), “Asset purchase programmes and financial markets: lessons from the euro area”, ECB Working Paper 1864. 12  BIS central bankers’ speeches  Alves, N. and C.R. Marques (2004), “Money in the ECB’s monetary policy strategy: a reassessment”, Banco de Portugal, mimeo, December 2004, later published as Banco de Portugal Working Paper No.