Noun
From Wiktionary under the GNU Free Documentation License. A central bank, reserve bank, or monetary authority is a banking institution granted the exclusive privilege to lend a government its currency. Like a normal commercial bank, a central bank charges interest on the loans made to borrowers, primarily the government of whichever country the bank exists for, and to other commercial banks, typically as a 'lender of last resort'. However, a central bank is distinguished from a normal commercial bank because it has a monopoly on creating the currency of that nation, which is loaned to the government in the form of legal tender. It is a bank that can lend money to other banks in times of need. Its primary function is to provide the nation's money supply, but more active duties include controlling subsidized-loan interest rates, and acting as a lender of last resort to the banking sector during times of financial crisis (private banks often being integral to the national financial system). It may also have supervisory powers, to ensure that banks and other financial institutions do not behave recklessly or fraudulently. Most of the rich countries today have an "independent" central bank, that is, one which operates under rules designed to prevent political interference. Examples include the European Central Bank (ECB) and the Federal Reserve System in the United States. Some central banks are publicly owned, and others are privately owned. The United States Federal Reserve "is an unusual mixture of public and private elements". From Wikipedia under the
GNU Free Documentation License What if central banks sell their gold reserves? Q. Gold Bugs talk about price of gold going up to $1000 to $2000 per ounce in the coming years due to rapid inflation and economic hardship. What would happen if European/Asian central banks unloaded some of their gold reserves if a global depression befalls us? Would this keep the price of gold around $500 to $1000 per ounce or would it bring it lower or higher? Thank you ~ Jeff Asked by jeffreybromfield - Sun Nov 30 00:14:23 2008 - - 1 Answers - 0 Comments A. They won't sell the physical stuff. But they will sell paper gold, which they have been doing and supressing the price. Supply up, price down. Right now, demand is thru the roof, but the price is manipulated. If you got some for $500, I'll buy it all from you. Answered by BobbiO2000 - Sun Nov 30 00:21:31 2008 theres an argument that the current financial crisis could take central banks independence away? Q. i heard it on the news before but why is this so? why is the current recession threathening central banks independence? regards Asked by Jonny T - Sun May 17 13:18:12 2009 - - 2 Answers - 0 Comments A. it doesnt, not in the UK anyway. Answered by jonny_5024 - Sun May 17 14:16:14 2009 Who gives all private central banks the right to print money?
Q. and to charge intrest on it ? any1 please so its private big time bankers in fed so if they have control over all that well they have control over everything ? Let me ask you a simple question: what country in its right mind would create a system that would force it to lend itself money and have to repay the money with interest? What country would charge itself interest? What nation would put itself out of business by making it bankrupt because of interest? also why is our money backed by nothing now. Asked by git - Sat Feb 21 12:58:27 2009 - - 4 Answers - 0 Comments A. Congress was responsible for that when they created the Federal Reserve Act of 1913. Before that time it was illegal for individuals or companies to print or mint money. Answered by Flyby - Sat Feb 21 13:14:05 2009 From Yahoo Answer Search: "central banks"  dealbook.blogs.nytimes.com Fri, 16 Jul 2010 08:54:14 GMT+00:00 New York Times (blog) We must work together, and in cooperation with central banks and governments around the world, to mitigate systemic risk in the financial and payments ... Yellen: Job Creation Is Main Focus of Monetary Policy Right Now Wall Street Journal (blog) Fed's Yellen Says Job Creation Is High Priority' Washington Post Fed nominee Yellen stresses job creation San Francisco Chronicle Reuters - MarketWatch - Financial Times  dailymarkets.com Sun, 18 Jul 2010 08:28:19 GMT+00:00 To print Money Like Crazy Daily Markets Marc Faber, publisher of the Gloom, Boom & Doom report, says we have to distinguish between what central banks and the governments in the Western world say ...  businessweek.com Thu, 15 Jul 2010 15:27:58 GMT+00:00 BusinessWeek The plunge puts traders' year-end forecast for the central bank's benchmark Selic overnight rate at 11.6 percent, below the consensus economist forecast of ... Lula's Currency Policy Makes Brazil Borrow Locally BusinessWeek Chile Swap-Yield Increase Outpaces Brazil on Growth BusinessWeek From Google News Search: "central banks"  ecb.int 326px x 624px | 23.80kB [source page] In the European Union as a whole the shares of credit institutions and money market funds were 83 5 and 15 7 respectively  cdn.wn.com 351px x 468px | 30.40kB [source page] photo WN Denise Yong  eur.news1.yimg.com 339px x 512px | 45.00kB [source page] From Yahoo Image Search: "central banks"  blogs.ft.com Emma Saunders Fri, 23 Jul 2010 09:20:31 GM Dr Nasution was born in 1948, and began his career in academic research, moving to work for the government in trade, finance and then tax, becoming Senior Deputy Governor and acting head of the . central bank. in July 2009. ...  forexlive.com unknown Mon, 26 Jul 2010 10:46:09 GM added. Constancio said the European . Central Bank. would continue to provide unlimited liquidity to Europe's banks, if they needed it, as has been its policy throughout the financial crisis. In total, the EU tested 91 of its banks, ...  businessandleadership.com unknown Wed, 21 Jul 2010 09:58:00 GM The Swiss . central bank. has said it expects to make a half-yearly loss of around CHF 4 billion after taking a huge hit on euro-denominated investments due to the weakening of the single currency. From Google Blog Search: "central banks" |
