Having said that, I am not denying the importance of the role played by central banks. On the contrary, there are many things that only central banks can do. What is important is that the government, the private sector, and the central bank play their respective roles properly. What, then, are the roles of a central bank?
Financial globalization and central banks In recent years, it is becoming increasingly important for a central bank to have a global perspective when seeking to conduct monetary policy appropriately to achieve price stability. Coming back to the basics of how monetary easing stimulates demand, one channel is to bring future demand forward by urging firms to make investments now while interest rates are low.