A central bank is the entity responsible for overseeing the monetary system for a nation. They have a crucial role in the economy, and a wide range of responsabilities. These include issuing the nation's currency, functioning as a governemnt bank and regulating the credit system.
Most banks have the aims of achieving goals like currency stability, full employment and low inflation.
The most important Central Banks right now are:
The Fed (Federal Reserve System), led by Ben Bernanke
The ECB (European Central Bank), led by Jean-Claude Trichet
The Bank of England, led by Mervyin King
The People's Bank of China, led by Zhou Xiaochuan
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