Chapter 12 All Materials PDF

Chapter 12 All Materials PDF - ECON 330 Money and Banking...

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ECON 330: Money and Banking Fall 2007 Section 1: Tuesday and Thursday, 11:30AM-12:45PM, SMU 104 Section 2: Tuesday and Thursday, 5:00PM-6:15PM, SRO B Prof. J. Santos South Dakota State University Student Learning Objectives: Chapter 12: Structure of Central Banks and the Federal Reserve System [1] Describe the organizational structure of the Federal Reserve System. [2] Describe the organizational structure of the Federal Reserve Banks. [3] Identify the three categories into which Federal Reserve bank directors are classi&ed. [4] Explain brie±y how directors in each category are appointed. [5] Identify, in general terms, the professional backgrounds of directors in each category. [6] Identify all (and provide at least three) of the basic functions of each Federal Reserve bank. [7] Explain brie±y how the twelve Federal Reserve banks are involved in monetary policy. [8] Explain brie±y how the Depository Institutions Deregulation and Monetary Control Act (DIDMCA) of 1980 changed the Federal Reserve²s purview within the U.S. banking system. [9] Describe the organizational structure of the Board of Governors of the Federal Reserve System. [10] Describe the organizational structure of the Federal Open Market Committee. [11] Describe, in general terms, the contents of the green, beige and blue books. [12] Explain the signi&cance, to monetary policy, of the Fed²s directive. [13] Compare and contrast brie±y the formal and informal structures of the Federal Reserve System. [14] De&ne the term instrument independence.
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[15] De&ne the term goal independence. [16] Gauge brie±y, and on the basis of instrument and goal independence, the independence of the Federal Reserve System. [17] Identify the Federal Reserve System²s primary source of revenue. [18] Explain brie±y how this source of revenue a/ects to the Federal Reserve²s degree of independence. [19] Compare and contrast the basic structures of the Federal Reserve System and the European System of Central Banks (ESCB). [20] State the cases for and against central bank independence. 2
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Chapter 12: The Structure of the Federal Reserve System Econ 330: Money and Banking all 2007 Fall 2007 Prof. Joseph Santos his outline draws from Frederic Mishkin’s oney Banking and Financial Markets 007) and as such contains copy written material Please do not quote without proper citation Department of Economics South Dakota State University This outline draws from Frederic Mishkin s Money, Banking and Financial Markets (2007) and, as such, contains copy written material. Please do not quote without proper citation.
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[1] Entities of the Federal Reserve System Federal Reserve Banks (FRBs) Board of Governors (BOG) of the Federal Reserve System [1] Entities of the Federal Reserve System [2] Federal Reserve Banks ] Basic Functions of Each Federal Open Market Committee (FOMC) Federal Advisory Council About 2,800 member commercial banks (MBs) [3] Basic Functions of Each Federal Reserve Bank [4] Federal Reserve Banks’ Involvement In Monetary Policy [5] Member Banks [6] Board of Governors [7] Federal Open Market Committee (FOMC) ] FOMC Meeting [8] FOMC Meeting
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This note was uploaded on 04/09/2008 for the course ECON 330 taught by Professor Santos during the Spring '08 term at SD State.

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Chapter 12 All Materials PDF - ECON 330 Money and Banking...

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