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

2. 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

3. 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

4. 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

5. 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