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The Central Banks Marjorie Deane

The Central Banks

Marjorie Deane

Published
ISBN : 9780241133262
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 About the Book 

As international trade has grown, the role of central banks has become more important and it is now impossible to understand international trade and international economies without understanding what central banks do. These largely anonymousMoreAs international trade has grown, the role of central banks has become more important and it is now impossible to understand international trade and international economies without understanding what central banks do. These largely anonymous institutions have three real functions. Firstly, they regulate other banks. Secondly, they control interest rates and therefore the strength of the currency internationally and the cost of mortgages and borrowing money. Thirdly, they lend money to governments. This book goes behind the doors of the powerful men running these institutions where gold is stored and millions are traded daily.