What is another word for central bank?

Pronunciation: [sˈɛntɹə͡l bˈaŋk] (IPA)

Central banks are vital entities of a nation's financial system, entrusted with the task of regulating and stabilizing the economy by managing the money supply, interest rates, and currency exchange rates. Though the term "central bank" is fairly standard, there are multiple synonyms in use around the world. For instance, the Reserve Bank of India and the State Bank of Pakistan are both referred to as "monetary authorities." Similarly, the European Central Bank is also called the "bank of last resort." The Japanese central bank is usually known as the "Bank of Japan," whilst the People's Bank of China is commonly referred to as the "Chinese central bank." Other synonyms for central banks include "national bank," "federal reserve," and "bank of issue".

Synonyms for Central bank:

What are the hypernyms for Central bank?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the hyponyms for Central bank?

Hyponyms are more specific words categorized under a broader term, known as a hypernym.

Famous quotes with Central bank

  • However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.
    Toshihiko Fukui
  • A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank.
    Ron Paul
  • The market at the moment is in classic herding behaviour, shifting the market from one extreme to the other, with central bank policies the main influencing factor.
    Gary Huxtable
  • The stock of money, prices and output was decidedly more unstable after the establishment of the Reserve System than before. The most dramatic period of instability in output was, of course, the period between the two wars, which includes the severe (monetary) contractions of 1920-1, 1929-33, and 1937-8. No other 20 year period in American history contains as many as three such severe contractions. This evidence persuades me that at least a third of the price rise during and just after World War I is attributable to the establishment of the Federal Reserve System... and that the severity of each of the major contractions — 1920-1, 1929-33 and 1937-8 is directly attributable to acts of commission and omission by the Reserve authorities... Any system which gives so much power and so much discretion to a few men, [so] that mistakes — excusable or not — can have such far reaching effects, is a bad system. It is a bad system to believers in freedom just because it gives a few men such power without any effective check by the body politic — this is the key political argument against an independent central bank... To paraphrase Clemenceau, money is much too serious a matter to be left to the central bankers.
    Milton Friedman
  • The economy is a nonlinear fractal system, where the smallest scales are linked to the largest, and the decisions of the central bank are affected by the gut instincts of the people on the street.
    David Orrell

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