A central banker with a higher valuation of price stability relative to activity levels than the average for a country’s population.
A comprehensive overview of banks as financial institutions, their types, and roles in the economy.
A monetary policy rule that postulates how a central bank determines interest rates based on deviations in inflation and output gap from their target values.
The Purchase or Sale of Securities by the Central Bank to Influence Interest Rates and Money Supply
An overview of the concept of monetary control within economics, elucidating its definition, frameworks, and implications.
A systematic rule used by a central bank to determine its choice of monetary policy.
Definition and in-depth exploration of quantitative easing as a monetary policy instrument used by central banks.
Understanding balances held at the Bank of England by UK commercial banks used for settling interbank transactions.
The application to banks of public controls stricter than those on businesses in general, justified by concerns that bank failures may disrupt the economy more profoundly than other business failures.
A comprehensive overview of central bank independence, exploring its significance, historical context, definitions, major analytical frameworks, comparative analysis, and case studies in economics.
Definition and meaning of the Committee on Payments and Market Infrastructure
An overview of the discount window as a key entity in monetary policy and central banking operations
Eligible paper refers to securities considered suitable for rediscounting by a central bank, such as Treasury bills and short-dated gilts.
The central institution of the European Monetary Union (EMU) responsible for monetary policy, interest rates, and issuing euro currency.
Understanding the structure and functions of the European System of Central Banks (ESCB)
An overview of the Federal Reserve System, the central banking system of the United States.
Definition and meaning of fiduciary issue in economics.
The narrowest definition of the money supply, including notes and coin in circulation, banks' till money, and balances with the central bank.
The use by the government or central bank of interest rates or controls on the money supply to influence the economy.
A committee established within the Bank of England to advise on monetary policy and interest rates, consisting of a mix of internal and external members.
A charge levied by a central bank on deposits by commercial banks intended to prevent currency appreciation or to counter low inflation or deflation.
The method by which a central bank prevents balance-of-payments surpluses or deficits from affecting the domestic money supply.
