A nation's commercial banks and central bank are reflections of each other

Stern, Gary
December 1994
Region (10453369);Dec94, Vol. 8 Issue 4, p4
Trade Publication
Presents the text of the speech of Gary Stern, president of the Federal Reserve Bank of Minneapolis, in the International Conference on Russian Banking. Overview on the relation between a central bank and commercial banks; Role of the banking system in processing payments; Central bank's regulations of banks; Outcome of the Free Banking Era; Objectives of Federal Reserve System; Monetary policy.


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