Açıqlama:

A central bank is at the heart of the banking system. It is because the central bank is the “banks’ bank” and the government’s bank. Most countries have some form of central bank serving for the nation’s financial matters. Legal mechanism and the mandate of central banks depend on some features such as economic considerations, social preferences, political environments etc. There is need to answer several questions for clarifying the role of central banks, such as: What are central banks’ purposes? What powers should be given to central banks within their purposes? What structure and legal form is the best model for establishing such body? How is its independence determined? What functions should be realized by central banks? Whether gathering of several functions in one hand is effective way or not?