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Central Bank Quotes

Browse 4 quotes about Central Bank.

Central Bank Quotes

“Only in a national economy that is largely self-contained can a national central bank be a true central bank; with the development of world market, and (especially) of world financial markets, national central banks take a step down, becoming single banks in a worldwide system, not at the 'centre' any longer. Thus the problem that was (partially) solved by the institution of national central banks has reappeared, and it is still unsolved (though we are trying to solve it), on the world level.”

Cooperation Global Central Central Bank

Author:John Hicks

“The Central Bank of The Bahamas and the Bahamian people are leading the world in the normalization of digital currency and Blockchain technology as ways to build speed, liquidity, access, efficiency and security into payments.”

Blockchain Nft Ethereum Bahamas Bahamian Digital Currency Central Bank Sam Bankman Fried

Author:Hendrith Vanlon Smith Jr

“The economy and financial markets are becoming global, while monetary policy and financial supervision and regulation are conducted at the country level by national authorities. This is what the sovereign state is all about. For the foreseeable future, it is unrealistic to imagine that the authorities in large countries will conduct monetary policy or financial supervision and regulation for the sake of global stability. The gap between the reality of the global economy and the policy-making institutions is the essential source of the problem we are faced with for many decades to come. Most problems derive from the fact that (1) central banks lack the incentive to 'internalize' the international spillover from their own conduct of monetary policy, (2) there is no global lender of last resort that is really worthy of that title, and (3) financial institutions tend to consume the services of financial stability excessively by not internalizing the impact of their own behavior on financial stability - the 'tragedy of the commons.”

Sovereign State Tragedy Of The Commons Central Bank

Book:Tumultuous Times: Central Banking in an Era of Crisis

Source: Tumultuous Times: Central Banking in an Era of Crisis

“People and institutions that refuse to admit error eventually discredit themselves.”