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Central Banks’ Two-Tier Relationships

  • Miao Han

Abstract

During their long developmental history, central banks have made important changes, but their definition as both the government’s banker and the bankers’ bank is rarely questioned.1 As explained by the BOE:

The Bank’s roles and functions have evolved and changed over its three-hundred year history. Since its foundation, it has been the Government’s banker and, since the late 18th century, it has been banker to the banking system more generally — the bankers’ bank.2

Keywords

Monetary Policy Financial Crisis Central Bank Moral Hazard Systemic Risk 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Miao Han 2016

Authors and Affiliations

  • Miao Han
    • 1
  1. 1.Durham UniversityUK

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