The Eutopian Central Bank, long known as the Old Man of New Lancaster, is known to the public for designing and printing banknotes, coining operations, and interest rate decisions. It is, of course, responsible for far more than that. The ECB acts as the bank for the Eutopian Government and as the "bank of the bankers." It also manages foreign exchange, gold reserves, and monitors and polices the stock market.
The ECB is responsible for maintaining a stable financial system. In this role, it advises the government on financial issues and acts, only when necessary, as a prop for banks in difficulty.
The Government and members of the Assembly and Senate may request financial impact statements from the ECB on proposed policy goals and legislation.
The mysterious Monetary Policy Board of the ECB is responsible for analyizing current economic statistics to determine an appropriate interest rate to slow (or, occasionally, enhance) inflation. The MPB strives for a stable economy and a stable currency.
The ECB is headed by Sir Adam Greenbridge, who also sits as head of the MPB. Sir Adam retired as head of the ECB two decades ago. His return to the helm has been hailed as either a sign of great desperation or great hope. He is pushing the far side of 70, but is kept young by his love of economics and his very young, very blond new wife.
The ECB is responsible for maintaining a stable financial system. In this role, it advises the government on financial issues and acts, only when necessary, as a prop for banks in difficulty.
The Government and members of the Assembly and Senate may request financial impact statements from the ECB on proposed policy goals and legislation.
The mysterious Monetary Policy Board of the ECB is responsible for analyizing current economic statistics to determine an appropriate interest rate to slow (or, occasionally, enhance) inflation. The MPB strives for a stable economy and a stable currency.
The ECB is headed by Sir Adam Greenbridge, who also sits as head of the MPB. Sir Adam retired as head of the ECB two decades ago. His return to the helm has been hailed as either a sign of great desperation or great hope. He is pushing the far side of 70, but is kept young by his love of economics and his very young, very blond new wife.