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Central bank |
Also found in: Encyclopedia, Wikipedia, Hutchinson | 0.07 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 order to deal with the crisis, central banks had engaged in "new and unusual transactions" with a wider range of parties than before, said the statement from the world's biggest central banking body. The book is intended for researchers in monetary theory and policy and central banking, economists, academics, public policy advisors and analysts, and economics, political economy, banking, and finance students. 37329;管局) is Hong Kong's central banking institution. |
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