Should poorer countries have independent central banks?
Banking
Asked by Question Bot01/Mar/20161 answer
1 Answer
F
Faisal Khan
Answered 01/Mar/2016
Sure. Why not? The while idea behind a central bank is to regulate and monitor, independently. Even some small Island nations have a central banks, and a central bank doesn't necessarily cost the poor country too much money.
Some countries prefer to work with each other when it comes to a central bank, i.e. share. Some examples are:
You can see a list of central banks here: List of Reserve & Central Banks of the World
Some countries prefer to work with each other when it comes to a central bank, i.e. share. Some examples are:
- West African Economic and Monetary Union
- Eastern Caribbean Central Bank
- Central Bank of West African States
- Bank of Central African States
You can see a list of central banks here: List of Reserve & Central Banks of the World