Central Banking

adopted African Reserve Bank amount Argentina balances Bank of England Bank of France bank of issue Bank rate Bank's bankers Board of Directors Britain business activity business cycle capital cash reserves cent central bank centralisation changes co-operation commercial banks Commonwealth Bank control of credit countries credit control credit policy demand discount rate discount-rate policy economic effective example exchange rates expansion extent factors Federal Reserve Banks Federal Reserve System fluctuations foreign exchange function funds gold reserve gold standard Government securities important increase interest investment lender of last limited liquid loans London maintain market rate member banks ment minimum reserves money market money rates Moreover National Bank note circulation note issue open-market operations organised payments period practice profits purchases purpose rediscount regard Reichsbank Report reserve requirements result Riksbank shareholders short-term South African Reserve speculation stabilisation statutory tion trade Treasury bills United Zealand