Originally Posted by JSB
Despite your sarcastic comments in this thread, there really is a difference between a Central Bank and say, an investment bank or commercial bank. Their functions and structures are very different, even though they can all be called "banks".
A penguin, an ostrich, and a hummingbird are all birds, but nobody is going to confuse one for the other.
I understand this perfectly well, JSB. But, though their functions may be different, I would suggest that their structures shares some striking similarities (for example, Central Banks still have Balance Sheets, and stockholders and yes, even a profit margin, however minimal). Moreover, they're still called
Banks, so I think your analogy fails somewhat. A better one might be the difference between hummingbirds
, and birds
of prey--they're all obviously still birds, whatever they're characteristics.