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CENTRAL BANKING

CENTRAL BANKING. CENTRAL BANKS. HNB The Croatian National Bank (CNB) ECB The European Central Bank ECBS The European Central Bank System The Bank of England The Fed The Federal Reserve (System) ….

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CENTRAL BANKING

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  1. CENTRAL BANKING

  2. CENTRAL BANKS • HNB The Croatian National Bank (CNB) • ECB The European Central Bank ECBS The European Central Bank System • The Bank of England • The Fed The Federal Reserve (System) …

  3. Which words are defined below?open-market operations, required reserve, discount rate • The amount of funds that banks must hold in reserve against deposits made by their customers is called …. • The rate at which the central bank lends money to commercial banks is called … • The buying and selling of government securities in the market in order to increase or reduce the amount of money in the banking system is called …

  4. interest money required lender open-market monetary discount exchange policy rate operations reserve rate rates supply of last resort Match the two columns:

  5. interest rates money supply required reserve open-market operations monetary policy discount rate exchange rate lender of last resort Matchings:

  6. Central banks are in charge of…ensuring, holding, implementing, providing, supervising, acting • …monetary policy • …price stability • …the exchange rate (forex operations, FX) • …commercial banks • …as lender of last resort • …bank reserves (required reserve) • …currency (cash) to banks • …loans to banks - discounting • …as the government’s bank • …as the bankers’ bank

  7. Central banks are in charge of… • implementingmonetary policy • ensuringprice stability • supervisingtheexchange rate (forex, FX, operations) • supervising commercial banks • actingaslender of last resort • holdingbank reserves (required reserve) • providingcurrency (cash) to banks • providingloans to banks - discounting • actingas the government’s bank • acting as the bankers’ bank

  8. Assignment: Read the extracts from Schiller’s Essentials of Economics (1996) and fill in the table:

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