The Economics of Money and Banking Chapter 7 Central Banks >>>Types of Central Banks 2 B:Compound Central Bank System This system refers to the system that there is no bank specializing in Central Banks Functions and Business of performing the functions bank,but a large bank which performs the functions of both the central bank and an ordinary commercial bank. Such mode once existed in central planned economies,such as the former Soviet Union and other Eastern European countries. 9 GUO YING SEM TONGJI UNIVERSITYThe Economics of Money and Banking 9 GUO YING SEM TONGJI UNIVERSITY 2 B: Compound Central Bank System Chapter 7 Central Banks Central Banks Functions and Business of Types of Central Banks This system refers to the system that there is no bank specializing in performing the functions bank, but a large bank which performs the functions of both the central bank and an ordinary commercial bank. Such mode once existed in central planned economies, such as the former Soviet Union and other Eastern European countries