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ECO 306 Milestone One , In Final Project II
September 24th, 2018 by admin
ECO 306 Milestone One Guidelines and RubricOverview: In Final Project II, you will write an informative research paper comparing and contrasting the structure and operation of the central bank of theUnited States—the Federal Reserve—and the central bank of another country, chosen from the provided list below.Prompt: For this milestone, identify a foreign central bank you wish to study from the list below and explain how it was established. Then, describe its financialstructure and explain the role it has in the process of financial intermediation. 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 FederationSpecifically, the following critical elements must be addressed:I. IntroductionA. 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 asindependent entities with monetary autonomy?i. Please note the example from the Bank of Canada website where you can find financial structure information:Bank of Canada website → Core Functions → Financial System. Other central bank websites will likely be similar.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?RubricGuidelines for Submission: Your paper must be submitted as a 2- to 3-page Microsoft Word document with double spacing, 12-point Times New Roman font,one-inch margins, and at least three sources cited in APA format.Critical Elements Proficient (100%) Needs Improvement (80%) Not Evident (0%) ValueIntroduction: Identify Identifies the foreign country chosenand explains how its central bank wasestablishedIdentifies the foreign country chosenand explains how its central bank wasestablished, but explanation is illogicalor incompleteDoes not identify the foreign countrychosen or explain how its central bankwas established20Introduction: FinancialStructureDescribes the financial structure of thecentral bank chosen and the FederalReserveDescribes the financial structure of thecentral bank chosen and the FederalReserve, but description containsinaccuracies or gapsDoes not describe the financial structureof the central bank chosen and theFederal Reserve35Introduction: FinancialIntermediationDescribes the process of financialintermediation and what role thecentral bank and the Federal Reserveplay in that processDescribes the process of financialintermediation and what role thecentral bank and the Federal Reserveplay in that process, but description iscursory or incompleteDoes not describe the process offinancial intermediation and what rolethe central bank and the FederalReserve play in that process35Articulation ofResponseSubmission has no major errors relatedto citations, grammar, spelling, syntax,or organizationSubmission has major errors related tocitations, grammar, spelling, syntax, ororganization that negatively impactreadability and articulation of mainideasSubmission has critical errors related tocitations, grammar, spelling, syntax, ororganization that prevent understandingof ideas10Total 100%
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