essay代写-联邦储备系统

essay代写-联邦储备系统。大多数国家都有某种形式的中央银行，作为一国金融事务的关键权威。这些银行的主要职责包括实施货币政策，保持增长和就业的一致性，促进国家金融体系的稳定，管理货币生产和发行，并通过发布经济统计数据，从经济方面了解人们的总体状况。本报告重点介绍各种责任紧随其后的是一个中央银行,联邦储备系统的美国银行的货币政策工具实现的使用和系统内在所扮演的角色是作为最后贷款人。

Central banks have a wider responsibilities set ranging from overseeing the policy of monetary purpose and to implement particular goals such as stability of the currency, lower rates of inflation and complete employment. The Federal Reserve System is the banking Institute selected with the aim of discussion in this report (Hester, 2016). The discussion lays focus on central banks when looked at broad perspective and it looks at the Federal Reserve System more closely from a narrowed perspective. The scope of this report lies in discussing the central banks, their roles and functions, Federal Reserve System, its structure, its tools for monetary policy and lender of last resort.
Federal Reserve System: Discussion
Central Bank Definition
Central bank according to Martin et al, (2013), is a national bank which helps in providing finance and banking related services for the government and commercial banking system of a nation along with implementation of monetary policy of the government and currency issuing (Calmiris et al., 2015). From this perspective, it is an entity responsible to oversee a nation’s monetary system. Generally, central banks also issue currencies, government bank functions, regulate system for crediting, oversee the banks commercially, manage reserves for exchange and act as a LOLR (Lender of last resort).
In the United States, Federal Reserve System serves as the central bank of the nation which was created through Congress’s act. This systems furthermore consists of 7 Board of governor members with Washington, D.C. headquarters and 12 banks from Reserve systems locating across main cities of U.S.
Lender of Last resort function
“Lender of last resort” is liquidity discretionary provision to a financial institute through the system of central banking as a reaction to adverse shocks that can cause abnormal enhancement in demand towards liquidity that cannot be met from a substitute source (Gorton et al., 2013). This implies that the lender is central bank of last resort when there is no other manner to enhance liquidity supply whenever an inadequacy exists. This function has been performed through several central banks since the starting of 20th century. The key here is preventing finance panics and banking runs spread from a bank to the other because of liquidity inadequacy.
From the perspective of this report, it is evident that Federal Reserve System as a central bank has key role to play across U.S. I learned that not only are the functions diverse but also are the operations and risks involved. The tools used under monetary policy for the company are also highly specialized and offer much towards economic growth of the nation. Even though the lender of last resort followed and applied by the central bank are highly criticized but the system has offered much to those seeking help in the form of borrowing.

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