Monetary authority

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Monetary policy Money supply · Interest rate Monetary base · Discount window Reserve requirements Bank reserves · Gold reserves Monetary authority (Central bank · Currency board) · Monetary union
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Reform Fiscal adjustment · Monetary reform
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Monetary authority is a generic term in finance and economics for the entity which controls the money supply of a given currency, and has the right to set interest rates, and other parameters which control the cost and availability of money. Generally a monetary authority is a central bank, though often the executive branch of a government has de facto control over monetary policy by controlling the central bank. There are other arrangements, for example democratic governance of monetary policy, a central bank for several nations, a currency board which restricts currency issuance to the amount of another currency, free banking where a broad range of entities can issue notes or coin.

Americas

• Bermuda Monetary Authority
• Cayman Islands Monetary Authority

Asia

• Hong Kong Monetary Authority
• Maldives Monetary Authority
• Monetary Authority of Singapore
• Royal Monetary Authority of Bhutan
• Reserve Bank of India
• State Bank of Pakistan

Middle East

• Palestine Monetary Authority

Oceania

• Reserve Bank of Australia

See also

• Central bank
• deflation
• fiat money
• gold standard
• hyper-inflation
• inflation
• monetarism
• seignorage