Central bank

Financial Institutions

A central bank, also called a reserve bank, national bank, state bank, or monetary authority, manages the monetary policy of a country or monetary union. It has a monopoly on increasing the monetary base, unlike a commercial bank. Many central banks supervise or regulate commercial banks to support stability and prevent bank runs. Their independence, policies, and public rhetoric are subjects of debate and criticism.

Primary role: Manages monetary policy
Monetary base: Has a monopoly on increasing it
Additional powers: May supervise or regulate commercial banks

Sources and credits

Article: Central bank (English Wikipedia)
Wikidata: Q66344
Text: Card text is adapted from the English Wikipedia article by an automated summary. Wikipedia content is available under CC BY-SA 4.0; see the article history for its contributors. CC BY-SA 4.0 · Article history and contributors
Illustration: By Artist is Elihu Vedder (1836–1923). Photographed 2007 by Carol Highsmith (1946–), who explicitly placed the photograph in the public domain.. Public domain · File page on Wikimedia Commons
Artist is Elihu Vedder (1836–1923). Photographed 2007 by Carol Highsmith (1946–), who explicitly placed the photograph in the public domain., Library of Congress, Prints & Photographs Division, LC-DIG-highsm-02036 (original digital file), uncompressed archival TIFF version (76 MB), cropped and converted to JPEG with the GIMP 2.4.5, image quality 88.
Modifications: Resized and converted to WebP
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