C1 Flashcards
Riksbank, the Swedish Central Bank was set up in
1668
Bank of England was founded in
1694
Central Bank of the United States, the Federal Reserve established in
1914
At the turn of the twentieth century there were only ___________ central banks.
eighteen
term central banking coming into existence only in the
nineteenth
________________ published a book titled “Lombard Street
Walter Bagehot, an editor of the Economist magazine,
In _____________ , Walter Bagehot, an editor of the Economist magazine, published a book titled “Lombard Street”,
1873
to avoid panics, central banks should assume the role of ____________________
lender of last resort
low and stable inflation have been fundamental to central banking activities since the
the early nineteenth century with the advent of the gold standard
importance of financial stability became more prominent since the
Great Depression of the 1930s when the world economy faced large bank failures and deep recession.
which had international implications necessitated international cooperation and coordination among central banks.
The failure of two banks in 1974, the Franklin National Bank in the United States and Bank Herstatt in Germany,
“unconventional policies”,
Quantitative or credit easing, negative interest rates, forward guidance, etc
_______________ had published a “Roadmap for Addressing Financial Risks from Climate Change”, which was endorsed by the G20 in July 2021
The Financial Stability Board (FSB)
Roadmap for Addressing Financial Risks from Climate Change - sets out a comprehensive and coordinated plan for addressing climate-related financial risks and covers four areas, i.e.,
firm-level disclosures, data, vulnerabilities, and regulatory and supervisory practices & tools.
The origins of the Reserve Bank of India (RBI) can be traced to
1926
