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Q: Why do central banks play an important role in the global econmy?
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Why do central banks playing important role in the global economy?

Central banks control the foreign currency reserves that are used for international trade.They also set each country's monetary policies.


Why do central banks play an important role in a global economy?

they control the foreign currency reserves that are used for international trade


Why do the actions of central banks have an important effect on the global economy?

Control of the money supply determines how much money is available for international trade.


Why do central bank an important role in the global economy?

Central banks control the foreign currency reserves that are used for international trade.They also set each country's monetary policies.


Describe the role of central banks and their efffect on the global economy?

A monetary policy making and has an influence over the financial conditions of the global market as a whole. SK(apex)


When was Global Finance founded?

In Europe the Global Finance may have started with the first commodities exchange, the Bruges Bourse in 1309 and banks in the 15th-17th centuries in central and western Europe.


What does BIS do?

The Bank for International Settlements (BIS) serves as a bank for central banks and aims to foster international monetary and financial cooperation. It provides banking services to central banks, conducts research on monetary and financial stability issues, and hosts meetings and conferences for central bank officials to discuss global economic developments.


Who does the irs answer to?

national and global banks


What has the author Carel CA van den Berg written?

Carel C.A. van den Berg has written: 'The making of the Statute of the European System of Central Banks' -- subject(s): Banks and banking, Central, Central Banks and banking, European Central Bank, European System of Central Banks


How does the central banks control the interest rate?

Central banks control interest rates by altering the repo rate. Repo rate is the rate at which banks borrow money from the central bank. So if the central bank hikes the repo rate, the banks will automatically hike their lending rates. similarly if the central bank reduces the repo rate, banks will lower their lending rates too.


How does the central banks control the interest rates?

Central banks control interest rates by altering the repo rate. Repo rate is the rate at which banks borrow money from the central bank. So if the central bank hikes the repo rate, the banks will automatically hike their lending rates. similarly if the central bank reduces the repo rate, banks will lower their lending rates too.


Does the district central cooperative banks are government banks or private banks?

government bank