central bank
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Central bank
Central Bank
central bank
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.
central bank
a country's leading BANK generally responsible for overseeing the BANKING SYSTEM, acting as a ‘clearing’ banker for the COMMERCIAL BANKS (SEE CLEARING HOUSE SYSTEM) and for implementing MONETARY POLICY. In addition, many central banks are responsible for handling the government's budgetary accounts and for managing the country's external monetary affairs, in particular the EXCHANGE RATE.Examples of central banks include the USA's Federal Reserve, Germany's Deutsche Bundesbank, France's Banque de France and the European Union's EUROPEAN CENTRAL BANK. (For a more detailed discussion of a central bank's activities see the BANK OF ENGLAND entry).
central bank
a country's leading BANK, generally responsible for overseeing the BANKING SYSTEM, acting as a ‘clearing’ banker for the COMMERCIAL BANKS (see CLEARING HOUSE SYSTEM) and for implementing MONETARY POLICY. In addition, many central banks are responsible for handling the government's budgetary accounts and for managing the country's external monetary affairs, in particular the EXCHANGE RATE.Examples of central banks include the USA's Federal Reserve Bank, Germany's Deutsche Bundesbank, France's Banque de France and the European Union's EUROPEAN CENTRAL BANK. (For a more detailed discussion of a central bank's activities see the BANK OF ENGLAND entry.)