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Williamson says it was a mistake
Rank: Member Joined: 10/1/2009 Posts: 139
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Why does central banking matter? It matters because a central bank can engage in intermediation activities that are not replicated in the private sector. A typical central bank has a monopoly on the issue of currency (in the US this is implicit), and on the large-value payments system. Thus, currency and bank reserves are liabilities that cannot be issued by private financial institutions. When the central bank issues its liabilities in order to buy assets, this in general matters. In particular, asset prices move. It was a mistake
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Screw you... Get a life!! Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 9/26/2006 Posts: 463 Location: CENTRAL PROVINCE
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Dudette wrote:Why does central banking matter? It matters because a central bank can engage in intermediation activities that are not replicated in the private sector. A typical central bank has a monopoly on the issue of currency (in the US this is implicit), and on the large-value payments system. Thus, currency and bank reserves are liabilities that cannot be issued by private financial institutions. When the central bank issues its liabilities in order to buy assets, this in general matters. In particular, asset prices move. It was a mistake Lol.......nice one.  Was actually wondering wether the typist erroneously added a zero in front of Ksh 5. Happy Hunting. x handle: @stocksmaster79
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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guru267 wrote:Screw you... Get a life!!
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Rank: Member Joined: 1/27/2012 Posts: 851 Location: Nairobi
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guru267 wrote:Screw you... Get a life!! @ guru why the above? In every sense of it,there is nothing wrong with the heading. Some civility won't hurt you,would it?
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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mkeiy wrote:guru267 wrote:Screw you... Get a life!! @ guru why the above? In every sense of it,there is nothing wrong with the heading. Some civility won't hurt you,would it? @mkeiy What does this thread even mean?? Please dont tell me you can't see this persons intentions.. Mark 12:29
Deuteronomy 4:16
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Williamson says it was a mistake
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