Dissertation proposal framework and objectives

¶ … role of central banks in monitoring and regulating economic and financial matters. I plan to outline examples of central banks, what powers central banks possessed and currently possess, and what specific ways central banks monitor and/or regulate. My key research questions are: What is a central bank? What kinds of strategies should be adopted to generate regulation and effective monitoring? How do central banks monitor and regulate currently? How did central banks monitor and regulate in the past?

This particular topic is of interest to me because it allows me perspective on something that directly affects me and billions of others around the world. I should know where my money is made and who controls things like loans and interest rates. Money is apart of modern society and who controls that money should be known and understood. This might be an interest to others who wish to have knowledge on their finances and how the central bank's influence affects their ability to lend and their creditors transparency level. Articles and journals of central banks like the Federal Reserve along with keywords such as: central bank, federal reserve, financial monitoring, regulation will help to search for concepts and data that will generate concrete information.

Other methods to use can be blogs of popular economists who perhaps might share information of how central banks interact and communicate with other facets of the government. This will build on the role central banks play. One problem I expect to encounter along the way is lack of available current resources due to needing a paid subscription. This kind of paper will be exploratory. I want to find out why central banks have/had the abilities they do and how they are using these abilities to better the economy of that country.

Studies along with archived information will help in terms of data collection methods. I expect to understand in detail the inner workings of certain central banks. I also will be able to determine if central banks are necessary. I also plan and finding what central banks have done to help or deter economic prosperity.

Introduction

Central banks like the Federal Reserve play a crucial role in monitoring and regulating the economy of a country. For the central bank to exist within this role it must have several methods and strategies in place to carry out its purpose, which is to provide financial stability for the country. What is a central bank? What kinds of strategies should be adopted to generate regulation and effective monitoring?