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Central bank |
Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson | 0.03 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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This claim ignores the fact that a substantial portion of this capital inflow originates from central banks and other quasi-governmental institutions, not from private investors. Sweden's Riksbank said [in April] that it had almost halved its dollar holdings in favor of the euro, and central banks in Qatar and the United Arab Emirates said they were buying Europe's common currency. Up until the 1980s, the central banks of Taiwan and Thailand--the Central Bank of China (CBC) and the Bank of Thailand (BOT)--had long enjoyed a reputation, in both official documents and scholarly accounts, as paragons of autonomous and competent monetary authorities in the developing world. |
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