Finance Resources
Investment Planning
Stock Market
Futures & Options
Mutual Funds
Home » Banking » Types of Banks»Central Banks

Central Banks

The central banks of a country's economy acts a monetary and financial pillar. A stable monetary and financial policy is essential for the economic progress.

Central Banks are also vested with certain supervisory powers so that banks and various other financial institutions do not behave irresponsibly. The functions of central banks widely vary from one country to another. Some of the important functions of the central bank of a country are as follows:

  • Issuance of bank notes.
  • Managing the country's foreign exchange and gold reserves.
  • Deciding on the official interest rate to manage inflation.
  • Acting as the banker to the Government and the banker's bank.
  • Regulation and supervision of the banking industry.

In most countries the central banks are state-owned and their policies, therefore, are subject to government interference. On the other hand, 'independent central banks' are the ones that function with least government intervention. These banks operate under rules designed to wipe off the possibilities of political interference; examples include the US Federal Reserve, the Reserve Bank of India, the Bank of Japan, the Bank of England, the Deutsche Bundesbank, the Bank of Canada, the Reserve Bank of Australia and the European Central Bank. However, it is improper to say that these 'independent central banks' are entirely beyond the scope of political interference.



central banks, central bank, financial institutions, Publicly owned banks

Domain Registration | Windows Hosting | Linux Hosting | Java Hosting | Virtual Dedicated Server | Dedicated Server | Reseller Web Hosting | Unlimited Windows reseller hosting | Unlimited Linux reseller hosting | Cheap Windows reseller hosting | Cheap Linux reseller hosting | Cheap Windows hosting | Best Windows hosting | Windows hosting Multiple Domains | Unlimited Windows hosting | Compare hosting plans | Cheap Linux hosting | Best Linux hosting | Linux hosting Multiple Domains | Unlimited Linux hosting | Cheap asp.net hosting | Best asp.net hosting | unlimited asp.net hosting | Cheap asp.net reseller hosting | Unlimited asp.net reseller hosting | Java Features | Cheap Java hosting | Best Java hosting | unlimited Java Hosting | Unlimited Linux reseller hosting | Java Hosting Multiple Domains| | Matargashti Full Song | Matargashti mp3 Download | Matargashti Video Download | Matargashti Song Tamasha | Prem Ratan Dhan Payo Songs Download | Prem Ratan Dhan Payo Songs mp3 Download | Prem Ratan Dhan Payo Songs Video Download | Pinga Song Download | Pinga Full Song mp3 Download | Pinga Song mp3 Download | Pinga Song Video Download | Latest Bollywood Updates | Bollywood Updates | Prem Ratan Dhan Paayo Songs Download|
© ProfitGuruOnline-2024. All Rights Reserved.