Lecture Money and capital markets: Chapter 15 – Peter S. Rose, Milton H.Marquis
Lecture Money and capital markets: Chapter 15 – Peter S. Rose, Milton H.Marquis
This chapter begins to explain the role of central banks in our economic and financial system. It will describe the origins of modern central banking. It will examine the complexities policymakers now face in meeting their responsibilities. It will highlight a central question that has become politically controversial: what is the proper relationship between a central bank and the government?