Central Banks’ Two-Tier Relationships

  • Miao Han


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


Monetary Policy Financial Crisis Central Bank Moral Hazard Systemic Risk 
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Copyright information

© Miao Han 2016

Authors and Affiliations

  • Miao Han
    • 1
  1. 1.Durham UniversityUK

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