Central Banking
Central bank is an institution established to implement the monetary policy of a country. Its main function is to ensure the stability of the national currency through sufficient money supply. And in time of financial crisis, central bank is the last resort for loaning money.
Hong Kong – Central’s Skyscrapers at Night
There are central banks that are publicly owned while some are privately owned. For first world countries, there are independent central banks. Generally, central banks hold the assets of the country including foreign exchange and other financial assets and the liabilities. Other names for central bank are “bank of” (plus the name of the country), national bank, and reserve.