The Role of the Central Bank

نویسنده

  • Anne Sibert
چکیده

1. Introduction and Executive Summary This paper analyses the role of the central bank in the modern world, focusing in particular on its involvement in the payments and …nancial systems. I provide an overview of the functions of central banks. I then focus on the role of the central banks in promoting an e¢ cient payments system and I disucuss their role in supervising and regulating the payments and …nancial systems.

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Analyzing the Interaction between the Central Bank and the Plan and Budget Organization (A Case Study of Iran Using Game Theory)

The central bank is working to reform the structure of the banking system to bring the banking network in line with world standards. The banking network should strive to adapt itself to the modern world in terms of technology, procedures, and operations. The main prerequisite for this is central bank independence and structural reform of the country's budget. In the current situation, the Centr...

متن کامل

Central Bank Monetary Policy And Its Role In The Emergence Of Banking Crises In The Iranian Economy Within Modified Money Market Pressure Index 

In recent years, the banking crisis has increased the attention of researchers toward the banking system reform and solutions to it. The banking crisis can be accompanied by a banking run, banking panic, a rise in the Non-performing loan in banking system, fluctuations in cash and non-cash assets, and so on.  On the other hand, the central bank's monetary policy has also played an important rol...

متن کامل

Behavioral Perspectives on Central Bank Communication for Financial Stability

Analyzing central bank communication during financial crises, we draw on a surprisingly informative parallel between management of natural disasters such as earthquakes on one hand, and the corresponding communication infrastructure and social interaction during financial turmoil, on the other. The role of social and emotional behavior thereof points to the importance of interpersonal comm...

متن کامل

آثار اقتصادی گسترش کاربرد پول الکترونیکی، با تأکید بر سیاست‌های پولی

Extended distribution of digicash has commercial, socio-economic as well as political effects. From the economic viewpoint, the most crucial effect of digicash use extension takes place on money supply, monetary policies and central bank. Because digicash is capable of being replaced by bank notes and the coins, it is possible that digicash gradually takes the place of the central bank money an...

متن کامل

Central bank in managing financial stability and economy in Bosnia and Herzegovina

Financial system of B&H is “bank dominated”, which means that banks (credit institution) is dominated financial institutions in the financial system. Banks have major role in financial intermediation process between deficit and surplus money unites. Having on mind specific features of financial systems in Bosnia and Herzegovina it’s important to analyses characteristics each segment of fi...

متن کامل

Identifying the adopted Monetary Policy Rule by the Central Bank of Iran

It is obvious that an optimal policy should consider main dimensions of the phenomenon that can affect the transmission mechanism of that policy. In an open economy, it is expected that variables of the foreign sector play important role in its economic behavior. Therefore, it needs that any optimal policy in an open economy to design in such a way which involves changes in the foreign sector. ...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 2004