"This has been a central-banking century.... The number of central banks has risen from 18 in 1900 to 172 in 1998. The world now has almost half a million central bankers1."
"The first quarter of the 21st century saw central banking become a small, mature and genuinely global "industry". In developing countries, central banks either grew more effective and efficient or disappeared. In more developed economies, central banks lost most of their control functions - some found new roles while others