Essays on Central Bank

Abstract This dissertation analyses monetary policy of the European Central Bank (ECB) and investigates the effect of monetary policy rule of the European Central Bank on the economic performance of European monetary union (EMU). The stated goal of the ECB price stability given by annual inflation of at or below 2% is an indicator that…

China is deliberately lowering the value of its currency, the yuan, to safeguard its export industry. The Chinese government fears that an increase in their currency’s value will result in higher prices for exported goods, reducing global demand and leading to considerable unemployment domestically. This approach is evident in the consistent maintenance of a fixed…

Regardless of whether a person is trying to improve their investment skills, planning for future retirement, saving for their child’s education, or merely trying to stay employed, it is vital that they have certain financial and economic knowledge. One important knowledge component is an active awareness of their nation’s central bank. The central bank of…