Central banks are both necessary and sufficient for financial stability, especially if they are in charge of both monetary policy and bank supervision and regulation. True or False? Can you explain a little bit?
Central banks are both necessary and sufficient for financial stability, especially if they are in charge of both monetary policy and bank supervision and regulation. True or False? Can you explain a little bit?
Chapter1: Making Economics Decisions
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Central banks are both necessary and sufficient for financial stability, especially if they are in charge of both
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A financial organization that has been granted exclusive authority over the generation and distribution of money and credit for an entire country or a group of countries is known as a central bank. The creation of monetary policy as well as the regulation of member banks is widely seen as being within the purview of the nation's central bank in the majority of modern nations.
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