课程: Foundations of Business Banking

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Role of central banks

Role of central banks

课程: Foundations of Business Banking

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Role of central banks

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- Central banks around the world regulate banks and monitor bank operations. The most prominent central banks in the world are the European Central Bank, the ECG, the US Federal Reserve, called the Fed. The Bank of England, the Bank of Japan and the Bank of China. Now, of course, each country has its own central bank to create and regulate the country's currency and to oversee the country's banking system. An important function of a central bank is to preserve a stable value of the country's currency. Inflation is the increase in the overall level of prices in a national economy. In an economy experiencing say 10% inflation, the price of a basket of goods and services cost 10% more this year than the same basket cost last year. Now, the underlying cause of inflation is that the central bank authorizes the issuance of more currency than is justified by the level of wealth and income in the economy. An amusing example of…

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