ABSTRACT
No two central banks in the world are identical. There is a wide range of functions carried out by central banks in different countries and each central bank undertakes a different set of activities from the full list. But there are clear
1The Bank for International Settlements (BIS) publishes much detailed information about payment systems in the 11 Group of Ten countries (Belgium, Canada, France, Germany, Italy, Japan, Netherlands, Sweden, Switzerland, United Kingdom and United States), e.g., Bank for International Settlements (annual) and Bank for International Settlements (1993). Recently the BIS (1998) has published case studies on payment system issues in 19 transitional and developing countries. The International Monetary Fund (IMF) has also published some useful material on payment systems in transitional and developing countries, e.g., Johnson et al. (1998) and Summers (1994). 2We reproduce the questionnaire in Appendix 1 and the answers to some of the questions in Appendices 2-14.
