The Role of the Central Bank
نویسنده
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.
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