Critically discuss how 2008-09 financial crisis has changed the role of central banks concerning financial stability. Use examples to illustrate your answer.

Critically discuss how 2008-09 financial crisis has changed the role of central banks concerning financial stability. Use examples to illustrate your answer.

“Money, when paid into the bank ceases altogether to be the money of the principal; it is by then the money of the banker” (Foley v Hill & Others 1848 2 HLC 28 (HL). Critically discuss this statement.

 

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