- 00:19
Explanation of commercial banks issuing their own bank notes in earlier times.
- 00:47
Central banks' role in printing bank notes and circulating them.
- 01:35
Discussion on how central banks steer monetary policy through interest rates.
- 02:44
Central banks' obligation to keep inflation low.
- 03:43
Introduction of unorthodox measures by central banks during crises.
What is the purpose of the central banks? (May 2013)
Summary
The video titled "What is the purpose of the central banks?" attempts to explain the functions and roles of central banks, including their regulatory and monetary policy duties. It goes through various aspects such as the issuance of currency, management of interest rates, and the supervision of commercial banks, but lacks depth and engaging delivery.
informativeoverly detailedlack of engagement
