Central Banks and Monetary Policy

Central Banks and Monetary Policy

Central banks are independent national institutions that provide financial and banking services. One of their main focuses is monetary policy, i.e. the regulation of money supply¬†within a nation’s economy. Monetary policy is necessary to control inflation and ensure the stability of the financial system. Thus, central banks such as the […]

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Three Measures of Money Supply

Three Measures of Money Supply

Money supply (i.e. money stock) is defined as the total quantity of money circulating in the economy at a particular time. It is commonly used by many countries as an indicator of economic performance. However, in our economic system¬†money is not limited to cash anymore. There are a number of […]

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