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Central bank |
Also found in: Encyclopedia, Wikipedia, Hutchinson | 0.06 sec. |
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Central bank A country's main bank whose responsibilities include the issue of currency, the administration of monetary policy, open market operations, and engaging in transactions designed to facilitate healthy business interactions. See: Federal Reserve System.
Central bank. Most countries have a central bank, which issues the country's currency and holds the reserve deposits of other banks in that country. It also either initiates or carries out the country's monetary policy, including keeping tabs on the money supply. In the United States, the 12 regional banks that make up the Federal Reserve System act as the central bank. This multibank structure was deliberately developed to ensure that no single region of the country could control economic decision-making. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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In June Sarkozy shocked the European central banking community with a blistering attack on the European Central Bank, blaming it for all of the continent's economic ills. Ferguson's departure creates a central banking body where all seven members are Bush appointees. Comparative research on central banking is important to allow for a better understanding of current debates on political institutions and policy performance in East Asia. |
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