central bank
National monetary authority
A central bank is a national institution that manages a country's money supply, sets interest rates, and oversees the banking system.
The U.S.
Federal Reserve, the European Central Bank, and the Bank of England are examples.
Central banks aim to maintain price stability and employment levels, and they serve as lenders of last resort during financial crises.
Paper currency notes
- coinsMetal money units
- mintingProducing official currency
- denominationNamed religious group
- circulationMovement through a system
legal tender · fiat · cash · issuance · money supply · counterfeit · devaluation · revaluation
Central bank economic controls
- interest ratesPrice paid for borrowing
- quantitative easingAsset purchases to boost economy
- rate cutsLowered borrowing costs
- rate hikesUpward cost adjustments
tightening · easing · expansionary · contractionary · tapering · stimulus · credit control · price stability
Stored precious metal assets
- vaultSecure storage chamber
- liquidityConvertibility to cash
- depositsMaterial settled or stored
- collateralSecurity for debt
assets · holdings · treasury · capital · backing · funds · buffer · stockpile
Overseeing people or processes
- oversightSupervision or inadvertent omission
- complianceAdhering to requirements
- enforcementCompelling compliance with rules
- capital requirementsMinimum funds banks must hold
stress tests · prudential · systemic risk · financial stability · lender of last resort · bailout · too big to fail · charter
State's chief executive
- boardFlat rigid panel
- committeeAppointed group for duties
- independenceFreedom from external control
- transparencyState of being see-through
accountability · credibility · mandate · federal reserve · technocrat · appointment · term · press conference
banknotes
Paper currency notes
- coinsMetal money units
- mintingProducing official currency
- denominationNamed religious group
circulation · legal tender · fiat · cash · issuance · money supply · counterfeit · devaluation · revaluation · convertibility
monetary policy
Central bank economic controls
- interest ratesPrice paid for borrowing
- quantitative easingAsset purchases to boost economy
- rate cutsLowered borrowing costs
rate hikes · tightening · easing · expansionary · contractionary · tapering · stimulus · credit control · price stability · mandate
gold reserves
Stored precious metal assets
collateral · assets · holdings · treasury · capital · backing · funds · buffer · stockpile · bullion
supervision
Overseeing people or processes
- oversightSupervision or inadvertent omission
- complianceAdhering to requirements
- enforcementCompelling compliance with rules
capital requirements · stress tests · prudential · systemic risk · financial stability · lender of last resort · bailout · too big to fail · charter
governor
State's chief executive
- boardFlat rigid panel
- committeeAppointed group for duties
- independenceFreedom from external control
transparency · accountability · credibility · mandate · federal reserve · technocrat · appointment · term · press conference · minutes
- economic policymonetary policy, tax policy, fiscal discipline, fiscal stimulus, fiscal restraint
- Economic Bodieseconomic council, finance ministry, treasury department, budget office, commerce department
- forexforex, exchange rate, currency trading, currency exchange, foreign exchange
- FedFederal Reserve, FOMC, monetary policy, interest rates, rate cut
- financial regulatorsSEC, FDIC, Fed, Federal Reserve, FSA
- Nigerian GovernmentNational Assembly, House of Representatives, senator, state governor, state assembly
central bankretail bank
Bank serving individual customers
commercial bank · savings bank · credit union · community bank · local bank
central bankprivate bank
Exclusive wealth management institution
investment bank · hedge fund · private equity firm · money market fund · venture capital firm
bank, central, banker, banking, banks, centered, bankruptcy, centerpiece, bankroll