INTERVENTIONS OF CENTRAL BANKS IN BALANCING ECONOMIC STABILITY-A HISTORICAL REVIEW

DOI: https://doi.org/10.5281/zenodo.20175094

Authors:

Dr.G.Ramaniah

Keywords:

Central Banks, economic stability, historical events, global economies

Abstract:

Central banks are critical elements of the current financial infrastructure, tasked with ensuring sustainable growth and maintaining economic stability. They have a role that is felt internationally, not just within nations, shaping global markets and financial systems. Through different means and policies, central banks strive to preserve price stability, employment, and create financial stability. This paper looks at the dilemma of central banks in ensuring economic stability through recent and historical case studies of the key global economies like the US, Europe, Japan, China, and India. This essay tries to offer a comprehensive insight into how central banks help to ensure economic stability in different situations by examining past and modern examples. It demonstrates how central banks functioned as world stabilizers influencing the course of economic developments in an interdependent and dynamic world. It underscores the necessity of an appreciation of the issues confronting central banks and the role of forward looking monetary policy. In the days to follow since the international economic stage will keep on changing, and central banks need to keep on being alert, engaged, and creative in the pursuit of economic stability

PDF