Functions of Central Banks

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  • Topic: Bank, International trade, Export
  • Pages : 2 (566 words )
  • Download(s) : 74
  • Published : April 29, 2013
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Central Bank
The central bank is nowadays primarily an agency for monetary policy. It usually also has important financial stability functions, and those become more prominent during times of financial turmoil. Price stability denotes a level of sustainable inflation low enough that economic agents may ignore it in their investment, consumption and saving decisions. The Bank shall, provided that it shall not be in confliction with the objective of achieving and maintaining price stability, support the growth and employment policies of the Government. The largest contribution that the Central Bank has made and can make to strong, stable and sustainable growth and increased employment is to achieve and maintain price stability. Istanbul Stock Exchange

İMKB is responsible for the preparation and fair presentation of the financial statements in accordance with the generally accepted accounting principles and for such internal control as the Board of Directory of İMKB determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. İMKB is responsibility to express an opinion on these financial statements based on our audit. İMKB conducted our audit in accordance with the International Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the financial statements are free from material misstatement. Capital Markets Board

According to capital markets board responsibility, transparency, on the other hand, aims to disclose company related financial and non-financial information to the public in a timely, accurate, complete, clear, construable manner and easy to reach at low cost, excluding the trade secrets and undisclosed information. Accountability means the obligation of the board of directors to account to the company as a corporate body and to the shareholders. Finally,...
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