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Research Project - “Can the Central Bank in Jamaica be truly independent?”
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Stephen Snider Economics - Unit 2 Research Project - "Can the Central Bank in Jamaica be truly independent?" Table of Contents What is the Central Bank? 1 Why Should the Central Bank be Independent? 4 Why Should the Central Bank be Regulated? 6 Conclusion 8 Bibliography 9 What is the Central Bank? As defined by en.wikipedia.org a central bank is the entity responsible for the monetary policy of its country or of its group of member states as in the European Union. Also called a reserve bank or the monetary authority, it has two vital roles in the macro economy. It oversees the whole monetary system of the country. It must maintain the stability of the national currency (eg the Jamaican dollar) and money supply as well as control interest rates. It may also be necessary for the bank to save a recognized, private bank in times of financial crisis, especially if the bank is an integral to the national financial system. It does this...
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