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247 sats \ 1 reply \ @oklar 14 Jan \ on: When Did the Bank of England Become a Central Bank? (TDE, Joakim Book) BooksAndArticles
I'm especially under-read on the topic. Some questions.
Is part of the problem of answering 'when' to do with definitions?
(I see that LOLR and central bank are almost used interchangably.)
Related, if we quibble ovee many such terms, would it not be possible to think of a modern definition of a central bank one that moves from the traditional, staid roles of banking, to a wider role, for example the general influence on market dynamics within the economy concerned or on a global stage?
I found how the BoE started life interesting:
Government privleges you say?
o.O
Well, that's interesting. Where non-financial policy and financial policy meet.
What happened to City of Glasgow Bank , I wonder!
Wonderful asks, sir. I'll delve into them in time
@remindme in 12 hours
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