Graphic Organisers Economics

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Presentation transcript:

Graphic Organisers Economics The Second Level Support Service is funded by the Department of Education and Science under the National Development Plan

IMF International Monetary Fund Orderly correction of balance of payments Promote exchange rate stability IMF Lends to countries with large deficits, supports reform policies. Eg. Greece/Ireland Avoid competitive devaluations. Eg. China v Japan Provides technical assistance & training Expansion of world trade Sound economic policies Eg. When Soviet Union collapsed IMF helped with Banking systems

ECB European Central Bank Euro bank notes & coins Maintain price stability ECB exclusive rights to authorise the issue of banknotes & holds gold & foreign reserves. ECB Monitors inflation & adjusts ECB interest rate Financial stability & supervision Implements EU monetary policy Monitors & advises on interest, money supply, credit availabiltiy, Protects the value of the Euro. Supervision of credit institutions in EU

World Bank Encourages investment funds to LDC’s Debt relief for LDC’s Extends loans or renegotiates interest rates Obtains funds from advanced countries to improve roads, schools.. Finances capital projects in member countries LDC Least Developed Country Eg. Etheopia Eg. Community schools in Ireland

Central Bank Prints & issues legal tender Bank to the government Sole rights to mint notes & coins The gov has a current a/c in the Central Bank Banker’s bank Provides consumer information/economic research Lender of last resort. Clearing house for cheques. Regulates the financial sector Reports, statistics & publications