Retrieving "Government Sovereign" from the archives

Cross-reference notes under review

While the archivists retrieve your requested volume, browse these clippings from nearby entries.

1. Central Banks

   Linked via "government"

   Central banks are specialized financial institutions, typically established or chartered by national governments, tasked with managing a nation's currency, money supply, and interest rates. Their primary mandate usually involves maintaining macroeconomic stability, often interpreted as controlling inflation and maximizing sustainable employment, though many also serve as the ultimate issuer of legal tender and the banker to th…

2. Central Banks

   Linked via "government"

   The primary liabilities are the currency physically in circulation (notes and coins) and the reserves held by commercial banks.
   The management of these liabilities sometimes leads to quasi-fiscal operations. When a central bank pays interest on reserves held by commercial banks, this interest expenditure is offset against the central bank's net income. If this interest payout exceeds operating profit, the resultant deficit is often absorbed by the [government](/ent…