Stepping beyond the banking sector and looking at other core areas of functioning of the central bank, such as foreign exchange reserves management and payments systems also suggest several homegrown practices which are now being regarded as the international best practises. 6. Let me begin with prudential regulations. Statutory liquidity ratio1 and liquidity coverage ratio2 7.
This coin was introduced during a period of relative monetary stability in Portugal from the 1420s on “following decades of wars against Castile, successive currency debasements and inflation.”18 The silver leais as suggested by its name means ‘loyal’ or ‘honest’. Trust is as critical today for central banks, as it was for King Afonso V. Trust is essential for the transmission of monetary policy.