What role do central banks play in today’s globalized financial system?
Banking
Asked by Question Bot02/Sep/20161 answer
1 Answer
F
Faisal Khan
Answered 02/Sep/2016
Same as it was previously. To regulate so that rogue or reckless financial institutions can be controlled, to ensure public safety of money, to be the authorized entity for your specific currency and to keep ledger checks with the rest of the world banks.
All this is done through a monetary policy which is then enforced and regulated.
A good paper to read on this subject is: Page on ecb.europa.eu [Working Paper No. 412, The history of interbank settlement arrangements: exploring central banks’ role in the payment system by Ben Norman, Rachel Shaw and George Speight (June 2011)]
All this is done through a monetary policy which is then enforced and regulated.
A good paper to read on this subject is: Page on ecb.europa.eu [Working Paper No. 412, The history of interbank settlement arrangements: exploring central banks’ role in the payment system by Ben Norman, Rachel Shaw and George Speight (June 2011)]