History The widespread adoption of central banking is a rather recent phenomenon. At the start of the 20th century, approximately two-thirds of sovereign states did not have a central bank. Waves of central bank adoption occurred in the interwar period and in the aftermath of World War II.
historY the wiDeSpread aDopTion of cENtral banking is a RaTher rEcEnT PheNOMenoN. at thE stArt Of the 20th ceNTuRy, apprOxIMatelY tWo-thIrds OF SoVereign States dID nOt have A CentRal bank. wavEs OF central banK adoption oCCuRRed in THe inTerWar pERioD anD in thE aFtermaTh of worlD War ii.