Central Banking

The role of central bank money in payment systems

The role of central bank money in payment systems raises a number of questions this August 2003 CPSS paper says. For example, which institutions should have accounts at the central bank? What services should central banks provide to meet the needs of account holders? The report shows that there is much common ground among CPSS central banks in their objectives as well as in the main tenets of their policy concerning the role of central bank money in payment systems.

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