Introduction
Central bank is the backbone of a nation’s economy. As the name suggests, it is central to the banking system of a country. It prevents the banking system of a nation to collapse. It has major role to play in all phases of economy, including recessionary phase, stable phase and expansionary phase. As the markets are becoming more mature, the roles and responsibilities of the central banks are increasing.
The objective of this paper is to discuss the key roles of the central bank in an economy. The paper is divided into five sections. The first section provides
Continue reading...