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    If you think of the phenomenon bank you might come up with Switzerland. Banks are independent.

    Banks play a mayor role in the overall economic productivity, without really producing anything. Therefore a bank is quite unique. And powerful. In order to increase productivity the bank intermediates between those who have too much (savings) and those with a current lack of means. Savings are potential investments and a bank is key in making these productive.

    Before a commercial bank is able to enter such an brokerage game it should acquire clients. Trust is a mayor mechanism in doing so and independence feeds trust. The offer a bank is able to submit is one where it can issue a large amount of money, that belongs to a much more larger number (share) of people. It is like the Napster business model: many people offer their copy and Napster is able to redistribute bit and pieces to others who are still without their song. Trust and image will bring a bank the required volume and the more volume the more is a bank able to distribute. All managed by a profit margin.

    A central bank is not commercial. The role of a central bank is not a single one, but it also distributes the amount of money that is required for other economic players. This is done by managing the other banks, by a very simple mechanism, which is the interest rate. The central bank is managing the main productivity of an economy by again providing t

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    intermediates between those who have too much (savings) and those with a current lack of means. Savings are potential investments and a bank is key in making these productive.

    Before a commercial bank is able to enter such an brokerage game it should acquire clients. Trust is a mayor mechanism in doing so and independence feeds trust. The offer a bank is able to submit is one where it can issue a large amount of money, that belongs to a much more larger number (share) of people. It is like the Napster business model: many people offer their copy and Napster is able to redistribute bit and pieces to others who are still without their song. Trust and image will bring a bank the required volume and the more volume the more is a bank able to distribute. All managed by a profit margin.

    A central bank is not commercial. The role of a central bank is not a single one, but it also distributes the amount of money that is required for other economic players. This is done by managing the other banks, by a very simple mechanism, which is the interest rate. The central bank is managing the main productivity of an economy by again providing

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    mechanism in doing so and independence feeds trust. The offer a bank is able to submit is one where it can issue a large amount of money, that belongs to a much more larger number (share) of people. It is like the Napster business model: many people offer their copy and Napster is able to redistribute bit and pieces to others who are still without their song. Trust and image will bring a bank the required volume and the more volume the more is a bank able to distribute. All managed by a profit margin.

    A central bank is not commercial. The role of a central bank is not a single one, but it also distributes the amount of money that is required for other economic players. This is done by managing the other banks, by a very simple mechanism, which is the interest rate. The central bank is managing the main productivity of an economy by again providing

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    redistribute bit and pieces to others who are still without their song. Trust and image will bring a bank the required volume and the more volume the more is a bank able to distribute. All managed by a profit margin.

    A central bank is not commercial. The role of a central bank is not a single one, but it also distributes the amount of money that is required for other economic players. This is done by managing the other banks, by a very simple mechanism, which is the interest rate. The central bank is managing the main productivity of an economy by again providing

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    The Central board of revenue has only authority to tax the Pakistani source income of nonresident individuals and foreign corporations of income derive from the trade and business having direct connected with Pakistan and with respect to income that arises from a trade or business within the jurisdiction o
    ot a single one, but it also distributes the amount of money that is required for other economic players. This is done by managing the other banks, by a very simple mechanism, which is the interest rate. The central bank is managing the main productivity of an economy by again providing trust. Off of the differences between developed countries and developing countries is just this level of trust. The central bank is therefore also the “lender of last resort,” like the mother who – if all fails – will step in when required (and asked for).

    Trust (credibility) -- is in the same line of reasoning -- more important for central banks than for commercial banks. And political independence will make that you can be confident to trust a (central) bank. Unlike the years 92 and 93 where some Central banks in Europe were given a hard time because of political involvement. Politics and trust hardly agree.

    The World Bank is a same kind of institute as the other two banks. It intermediates between those in need investments and other who are net savers. The main difference between the World Bank and commercial banks and central banks on the other side is that trust is not an issue. The World Bank is a political institute and in politics everything is possible.

    © 2007 Hans Bool

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