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Published in:
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2019 | OriginalPaper | Chapter

1. Introduction

Author : Nils Herger

Published in: Understanding Central Banks

Publisher: Springer International Publishing

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Abstract

This chapter provides an overview of the role of central banks within the economy. In particular, the corresponding connections are discussed by looking at the monetary flows between the central bank, the financial system, the public sector, firms, and households.

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next chapter A Brief History of Central Banks
Footnotes
1
Origin of quote unknown.
 
2
Note that particularly in the United States, the term ‘currency’ is often used in the narrower sense of banknotes (or ‘currency notes’) and coins. The following discussion uses ‘currency’ in a broader sense that includes the reserves held by financial institutions in their accounts at the central bank. Physical forms of currency, e.g. banknotes and coins, are henceforth referred to as ‘cash’.
 
Metadata
Title
Introduction
Author
Nils Herger
Copyright Year
2019
Book
Understanding Central Banks

Print ISBN: 978-3-030-05161-7

Electronic ISBN: 978-3-030-05162-4

Copyright Year: 2019

DOI
https://doi.org/10.1007/978-3-030-05162-4_1