Abstract
This article examines the central banks of three countries with no membership of the eurozone or the us-dollar zone: the ‘Bank of England’, the ’Norges Bank’ and the ‘Bank of Canada / Banque du Canada.’ It uses a descriptive, factual analysis including a short history, their structure and administrative bodies, and some key financial figures. While there are a number of similarities between the three banks e.g. on the level of administration, they differ considerably with respect to external controls and financial solidity. The ’Norges Bank’ and the ‘Bank of Canada / Banque du Canada‘ have sold all of their gold reserves, while the ‘Bank of England’ only holds a small amount compared to the size of its other assets. Hence, the no-gold banks.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.