comparing and contrasting the structure and operation of the central bank of the United States—the Federal Reserve—and the central bank of another country

you will write a research paper comparing and contrasting the structure and operation of the central bank of the United States—the Federal
Reserve—and the central bank of another country, chosen from the list below. You will identify the foreign central bank you have chosen, describe its financial
structure, the primary tools it uses to control the money supply, and the role it has in the process of financial intermediation. You will also compare the
macroeconomic conditions in each country and the banking regulations of the two central banks.
 Central Bank of Ireland
 Central Bank of Iraq
 Bank of Canada
 Reserve Bank of India
 Bank of Japan
 Reserve Bank of New Zealand
 Central Bank of Syria
 Central Bank of Brazil
 Central Bank of the Russian Federation

Specifically, the following critical elements must be addressed:
I.
Monetary Policy
Introduction
A. Identify the foreign country you have chosen and explain how its central bank was established.
B. Describe the financial structure of both the central bank you have chosen and the Federal Reserve. Do these central banks operate as
independent entities with monetary autonomy?
C. Describe the process of financial intermediation and what role the central bank you have chosen and the Federal Reserve play in that process.
How do firms borrow and lend, and how do the central banks help facilitate that process?
II. Central Banking: Explain the current macroeconomic conditions (unemployment, inflation, and economic growth [GDP] rates) that the Federal Reserve
and the central bank you have chosen observe in each country, and compare the performance of the two countries.
III.
A. Explain the primary tools used by the central bank and the Federal Reserve to control the money supply in each country.
B. Describe how each monetary authority uses these tools to impact macroeconomic performance.
C. Compare banking regulations of the central bank you have chosen and the Federal Reserve.
IV. Conclusion: Using your research as a guide, assess the overall performance of each entity. Could one bank learn a lesson from the other?
Milestones
Milestone One: Draft of Introduction
In Module Four, you will submit a 2– to 3–page draft of the Introduction (Section I, above) of the final project. You will identify the foreign country you have
chosen and explain how its central bank was established, its financial structures, as well as the role it plays in the process of financial intermediation. This
milestone will be graded with the Milestone One Rubric.
Milestone Two: Draft of Central Banking and Monetary Policy
In Module Five, you will submit a 3– to 4–page draft of the Central Banking (Section II) and Monetary Policy (Section III) sections of this paper. You will explain the
current macroeconomic conditions in each country and compare their performance. You will also examine each central bank’s monetary policy performanc