Identify the foreign country you have chosen and explain how its central bank was established.

I. Introduction A. Identify the foreign country you have chosen and explain how its central bank was established. B. Describe the financial structure of both the central bank you have chosen and the Federal Reserve. Do these central banks operate as independent entities with monetary autonomy? C. Describe the process of financial intermediation and what role the central bank you have chosen and the Federal Reserve play in that process. How do firms borrow and lend, and how do the central banks help facilitate that process? II. Central Banking: Explain the current macroeconomic conditions (unemployment, inflation, and economic growth [GDP] rates) that the Federal Reserve and the central bank you have chosen observe in each country, and compare the performance of the two countries. III. Monetary Policy A. Explain the primary tools used by the central bank and the Federal Reserve to control the money supply in each country. B. Describe how each monetary authority uses these tools to impact macroeconomic performance. C. Compare banking regulations of the central bank you have chosen and the Federal Reserve. IV. Conclusion: Using your research as a guide, assess the overall performance of each entity. Could one bank learn a lesson from the other?