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Banking Essentials - Part I

This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.

Greenwashing

Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.

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Tackling the Cost of Living Crisis

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.

CSR and Sustainability in Financial Services

In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.

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The Principal Functions of Central Banks

The Principal Functions of Central Banks

January Carmalt

20 years: Research & banking

January covers the roles of a Central Bank; how it controls the currency, how it maintains adequate foreign exchange reserves, and how it acts as a lender of last resort.

January covers the roles of a Central Bank; how it controls the currency, how it maintains adequate foreign exchange reserves, and how it acts as a lender of last resort.

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The Principal Functions of Central Banks

10 mins 8 secs

Overview

Central banks, also known as ‘banks of banks’, reserve banks or central monetary authorities – of a nation or, as in the case of the Eurozone, a currency bloc – control currencies through printing and coining; monitor and control money supply and inflation (largely through setting interest rates); hold foreign reserves; act as bank regulators; and act as lenders of last resort.

Key learning objectives:

  • Explain central banks’ clearing and lender of last resort functions

  • Identify the principal functions of central banks

  • Learn how central banks control currencies and influence inflation

  • Learn how interest rates influence foreign exchange reserves

  • Understand the functions that central banks carry out as regulators

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Expert
January Carmalt

January Carmalt

January began her career in 1999 with Bank of America in Charlotte, NC. From the Credit Products team, she moved into fixed income bond research covering Telecoms and Financials. While in London, January focused on financial institutions bond research until her Director and head bond analyst role at Deutsche Bank. As of 2011, January has worked as a freelance writer.

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