ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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A central bank is a financial institution that manages a country's monetary policy and oversees its banking system. Central banks typically have a mandate to ensure price stability and support economic growth. They are responsible for regulating the money supply, setting interest rates, and supervising commercial banks.
Central banks play a crucial role in ensuring the stability of the financial system and promoting economic growth. Their policies can have a significant impact on inflation, employment, and economic growth. As a result, central banks are closely watched by governments, financial markets, and the public.
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