Introduction to Central Banks and the Creation of Money

Introduction to Central Banks and the Creation of Money

Ever since the financial crisis, central banks have dominated the news. In this video, Frances will explain why we have central banks, what they do and why, despite everything, they still have a role.
Overview

A central bank is a bank that has different customers to other banks - governments and commercial banks. Historically, central banks have changed their functionality from being a financier to the government to managing the exchange rates.

Key learning objectives:

  • Define central bank

  • Explain the functionality of a central bank

  • Explain the history of the emergence of certain central banks

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Summary
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Expert
Frances Coppola

Frances Coppola

Frances has spent 17 years working for assorted banks, retail and investment banks, and even a charity. During her banking career she designed risk management systems for Nat West, and financial & regulatory reporting systems for Midland Bank (now HSBC) and RBS Group. In 2019, she published a book on “people’s quantitative easing”.

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