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  2. Central bank - Wikipedia

    en.wikipedia.org/wiki/Central_bank

    A central bank, reserve bank, national bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union. [1] In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base.

  3. Federal Reserve - Wikipedia

    en.wikipedia.org/wiki/Federal_Reserve

    The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States.It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises.

  4. History of central banking in the United States - Wikipedia

    en.wikipedia.org/wiki/History_of_central_banking...

    By 1865, there were already 1,500 national banks. In 1870, 1,638 national banks stood against only 325 state banks. The tax led in the 1880s and 1890s to the creation and adoption of checking accounts. By the 1890s, 90% of the money supply was in checking accounts. State banking had made a comeback.

  5. European Central Bank cuts interest rates for the first time ...

    www.aol.com/news/european-central-bank-cuts...

    The European Central Bank on Thursday confirmed a widely anticipated reduction in interest rates at its meeting in Frankfurt, Germany, despite lingering inflationary pressures in the 20-nation ...

  6. List of central banks - Wikipedia

    en.wikipedia.org/wiki/List_of_central_banks

    Bank for International Settlements – an international organisation which fosters international monetary and financial cooperation and serves as a bank for central banks. Notes [ edit ] ^ "Table 1: World Currency Composition of Official Foreign Exchange Reserves" .

  7. Central bank digital currency - Wikipedia

    en.wikipedia.org/wiki/Central_bank_digital_currency

    A central bank digital currency ( CBDC; also called digital fiat currency [1] or digital base money [2]) is a digital currency issued by a central bank, [3] rather than by a commercial bank. It is also a liability of the central bank and denominated in the sovereign currency, as is the case with physical banknotes and coins.

  8. Sveriges Riksbank - Wikipedia

    en.wikipedia.org/wiki/Sveriges_riksbank

    Sveriges Riksbank, or simply the Riksbank, is the central bank of Sweden. Founded in 1668, it is the world's oldest surviving central bank, and the third oldest bank in continuous operation. [3] [4] Until the 20th century, it was also the only state-owned central bank outside of the Russian Empire. [5] : 14.

  9. European Central Bank - Wikipedia

    en.wikipedia.org/wiki/European_Central_Bank

    European Central Bank. /  50.1089°N 8.7034°E  / 50.1089; 8.7034. The European Central Bank ( ECB) is the central component of the Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. [1] It is one of the world's most important central banks .

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