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A central bank, reserve bank, national bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union. [1] In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base.
Bank for International Settlements – an international organisation which fosters international monetary and financial cooperation and serves as a bank for central banks. Notes [ edit ] ^ "Table 1: World Currency Composition of Official Foreign Exchange Reserves" .
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States.It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises.
By 1865, there were already 1,500 national banks. In 1870, 1,638 national banks stood against only 325 state banks. The tax led in the 1880s and 1890s to the creation and adoption of checking accounts. By the 1890s, 90% of the money supply was in checking accounts. State banking had made a comeback.
European Central Bank. / 50.1089°N 8.7034°E / 50.1089; 8.7034. The European Central Bank ( ECB) is the prime component of the Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. [2] It is one of the world's most important central banks .
A central bank digital currency ( CBDC; also called digital fiat currency [1] or digital base money [2]) is a digital currency issued by a central bank, [3] rather than by a commercial bank. It is also a liability of the central bank and denominated in the sovereign currency, as is the case with physical banknotes and coins.
e. The People's Bank of China (officially PBC [3] and unofficially PBOC [4]) is the central bank of the People's Republic of China. [5] It is responsible for carrying out monetary policy as determined by the People's Bank Law and the Commercial Bank Law. The PBC was established in 1948 and became China's sole central bank after the founding of ...
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