Point Counter-Point Should There Be a Global Central Bank? Point Yes. A global central bank could serve all countries in the manner that the European Central Bank now serves several European countries. With a single central bank, there could be a single monetary policy across all countries. Counter-Point No. A global central bank could create a global monetary policy only if a single currency were used throughout the world. Moreover, all coun- tries would not agree on the monetary policy that would be appropriate. Who Is Correct? Use the Internet to learn more about this issue and then formulate your own opinion