[资本市场和金融铅机构]5.pptVIP

Bank of Canada (Based on Ch 6, Mishkin et al.) 6.1 Central banks and their importance 6.2 Functions of Bank of Canada 6.3 Independence of Bank of Canada 6.4 Structure of the Bank of Canada 6.5 Other Central banks 6.6 Conclusions 6.1 Central Banks Government authorities in charge of the monetary policy (Management of interest rates and money supply) Importance of Central Banks Amount of credit Money supply Interest rates Lender of last resort [An important reason for having a central bank is the need for a lender of last resort to prevent systemic financial crises. Banks are more prone to cri