Central Banking - The Organisation of the Fed and Their Politics Within the Last Years (ESP. in Comparison to the Escb)

Seminar paper from the year 2003 in the subject Business economics - Investment and Finance, grade: 1,3 (A), Stralsund University of Applied Sciences (Economics), language: English, abstract: The following essay with the title Central Banking - The organisation of the Fed and
their politics within the last years (esp. in comparison to the ESCB)" is part of the final
examination of the course International and Baltic Finance at the University of Applied
Sciences Stralsund.
This paper will explain central banking in general and than have a closer look on the
U.S. Federal Reserve System. After that it will have a look on the European System of
Central Banks, continuing with comparing the two systems, looking for the similarities
and differences.
During my research I read quiet a lot of books and articles and after some time I really
got interested in the topic. I really wanted to know how all this central banking works,
and what kind of system (the American or the European) is the better one. But I also
recognised that there are of course plenty of books, dealing with this topic, but
everybody seems to have a different opinion, of what is better, what suits the society
best. So while writing this essay, I tried to give back what I found interesting and what
seems to be the opinion of several people.
Unfortunately I could not stick to the required 3000 words, because my topic was so
complex and wide, that it forced me to write some more words on it.