Central Bank

• Commonly referred to as:  Central Bank, Reserve bank, or Monetary Authority
• Manages a state's currency, money supply, and interest rates.
• Usually oversee the commercial banking system of their respective countries
• Quasi government / private entity

• There is a broad belief that central banks are in control of the economy and the markets - they can control things by intervening
• Others believe that this is a misconception
• Central banks can be overwhelmend by major crisis
• The actions central banks take can often only delay a crisis, ultimately making it worse.

Central Bank Concerns

• Healthy debt markets are a key concern of central banks
• Without access to debt, many countries, corporations, and consumers would go bust quickly