Abstract
It is important for anyone involved with the foreign exchange and money markets to try to understand the influence of central banks on the market. A central bank has the following amongst its responsibilities:
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1.
To act as banker to the government.
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2.
To act as lender of last resort.
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3.
To assist in executing the government’s economic policy by influencing the total supply of credit and the level of short and long-term interest rates and by maintaining the value of the currency at an agreed level.
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© 1979 Nigel R.L. Hudson
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Hudson, N.R.L. (1979). Particular Customers. In: Money and Exchange Dealing in International Banking. International Banking Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-04466-5_10
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DOI: https://doi.org/10.1007/978-1-349-04466-5_10
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-04468-9
Online ISBN: 978-1-349-04466-5
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)