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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 banking • implementingmonetary policy • ensuringprice stability • supervising the exchange rate (forex, FX, operations) • supervising commercial banks • acting as lender of last resort • holding bank reserves (required reserve) • providing currency (cash) to banks • providingloans to banks - discounting • acting as 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:

  9. Central Banker of the YearGlobal and Europe, 2008 • Fill in the missing words (trends) • Find synonyms: -never occurring before (1) -unusual, unconventional (2) -limit/ceiling (3), govt. interference (3) -isolation (4), lack of money (4) • Instruments of monetary policy?

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