Search: central bank
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RBA Glossary definition for central bank
central bank – A non-commercial bank, which may or may not be independent of government, which has some or all of the following functions: conduct monetary policy; oversee the stability of the financial system; issue currency notes; act as banker to the government; supervise financial institutions and regulate payments systems.
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The 1890s Depression
31 Dec 2001
RDP
2001-07
The 1937 Royal Commission into Monetary and Banking Systems argued:. It is possible that a strong central bank (had such then existed) might have been able to limit the unhealthy expansion ... It is possible also that when the crisis was imminent prompt
https://www.rba.gov.au/publications/rdp/2001/2001-07/1890s-depression.html
Theoretical Approaches to Lender-of-last-resort Policy
31 Dec 2001
RDP
2001-07
Constructive ambiguity, however, gives central banks the scope to overuse their lender-of-last-resort powers by appealing to the systemic consequences of bank illiquidity. ... Coordination problems may be resolved by the central bank bringing banks
https://www.rba.gov.au/publications/rdp/2001/2001-07/theoretical-approaches-to-lender-of-last-resort-policy.html
Intermittent Failures and Runs, 1850–1890
31 Dec 2001
RDP
2001-07
In the absence of a central bank, and with the government unwilling to intervene to assist troubled banks (other than the savings banks), the trading banks began to take collective action ... The Associated Banks agreed to cash Australian and European's
https://www.rba.gov.au/publications/rdp/2001/2001-07/intermittent-failures-and-runs-1850-1890.html