Assertion: reserve's authority | /r/CapableOf | facilitate transfer of gold
Facets:
value: in the event of bank runs
type: TEMPORAL
value: to regulate commercial banks
type: PURPOSE
Source sentences:
text: In order to mitigate the impact of bank failures and financial crises, central banks were also granted the authority to centralize banks' storage of precious metal reserves, thereby facilitating transfer of gold in the event of bank runs, to regulate commercial banks, to impose reserve requirements, and to act as lender-of-last-resort if any bank faced a bank run.