As a central bank is the sole institution in any country, it is essential to know the workings of other foreign central banks in order to understand it correctly.
This means that even though internal experiences are necessary, to recognize central bank’s weight in the national economy, understanding of other central bank’s experiences is also required.36 We should also be aware that there are hedging, speculative and Ponzi finance activities in the market, which the central bank deals with.37 As globalization progresses, the markets have rapidly grown  tenures.