ECON3507 Financial Markets and Central Bank Autumn 2020
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Assignment Question, (50% of final marks)
The question is broken down into sections as follows, the breakdown of each section’s contribution to the final mark is in brackets. Please do not copy and paste the following criteria into your work and try to answer one by one such as a, b, c…
- Explain the difference between a bank having a liquidity problem and a solvency problem. How does each problem affect a bank’s balance sheet? (25 marks)
Select two out of the following central banks: Bank of England 2) European Central Bank 3) reserve bank of New Zealand 4) Bank of Canada and 5) Swedish Riskbank. For each of your chosen banks, answer the following sections:
- Compare and contrasts the objectives and accountability measures of the two banks. For example, what are these objectives, who sets these objectives, and how is accountability ensured? (25 marks)
- Compare and contrasts the actions taken by the two selected-banks following the collapse of Lehman Brothers in September 2008 and how did they explain their actions? (25 marks)
- Compare and contrast how these banks have responded to covid-19, which has had huge economic and financial impact on businesses across the world?
End of Assignment Brief
Assignment Instructions Please read carefully
POINTS TO BEAR IN MIND (GENERIC ADVICE)
- Please provide a word count. Do not write more than 1500 words.
- Do not stray into tangential material. Always ask yourself – is what I have written relevant to the question?
- Online submission. You must submit your coursework online. Hard copies of coursework or email attachments will not be accepted.
- Do not send me the first draft. I do not read first drafts as it gives you an unfair advantage. The coursework is your work – not my work.
- Copy and Paste. Please try to refrain from doing this. It is lazy and most students do not explain the diagrams/tables they have pasted. Draw diagrams/graphs yourself or learn to draw using appropriate software easily found on your PCs/Macs. It takes a bit of time to master – but it is a skill worth having.
- Font size. Please use a font size of approx. TNR 12/Arial 12 size. Nothing smaller. And use 1.5 spacing.
- English. Some students’ grasp of grammar and syntax is understandably weak. I do not deduct marks for poor English. But if I can’t understand your argument, I can’t reward you with marks. Please read (aloud) what you have written and get others to proofread your work.
- Referencing or Bibliographies. Ensure you reference your citations using the Harvard method. Do not use footnotes or endnotes.
- Try not to reference sources that you haven’t read! If you wish to quote a paper or book which you haven’t read, state the [full] source for this in your bibliography. For an undergraduate essay of this type, I wouldn’t expect less than 5 references and no more than about 10 references. Thirty-forty references do not impress me! More likely, it will annoy me.
- Please see the following guide to ensure your references for this assignment is correct: http://www.library.dmu.ac.uk/Images/Selfstudy/Harvard.pdf
- There are materials on how to write an essay, Academic style https://library.dmu.ac.uk/class/academicwriting.
- DMU has a clear policy for plagiarism and bad academic practice: This already clearly communicated to you in the Handbook of the course (2020/21).
De Montfort University’s Academic Regulations describe plagiarism as:
“the significant use of other people’s work and the submission of it as though it were one’s own in assessed coursework (such as dissertations, essays, experiments etc)”.
- Copying from another student’s work
- Copying text from sources such as books or journals without acknowledgement
- Downloading information and/or text from the Internet and using it without acknowledgement
- Submitting work which you claim to be your own when it has been produced by a group
- Submitting group work without acknowledging all contributors.
Note: All students should have a cover page (without decoration): The cover page should contain the title of the assignment, name, student number, module name, module leader’s name and due date.
In general terms, the grades are awarded for assessment on the following basis:
|90-100%||Indicates that no fault can be found with the work other than very minor errors, for example typographical, or perhaps the failure to satisfy the most challenging and exacting demands of the assessment.|
|80-89%||Indicates a very high level of understanding evidenced by an ability to engage critically and analytically with the source material. Likely to exhibit independent lines of argument. Only minor errors.|
|70-79%||Judged to be very good, yet not outstanding. May contain minor errors or omissions. A well-developed response showing clear knowledge and the ability to interpret and/or apply that knowledge.|
|60-69%||Indicates a sound understanding of basic points and principles but with some failure to express or to apply them properly. Hence the answer is essentially correct, has some errors or omissions, and is not seriously flawed.|
|50-59%||Indicates a more limited understanding of basic points and principles, with significant errors and omissions. These errors and omissions, however, do not cast doubt on the basic level of understanding.|
|40-49%||Indicates questionable understanding of basic points and principles yet sufficient to show that learning outcomes have been achieved at a rudimentary level.|
|30-39%||Indicates an answer that shows only weakly developed elements of understanding. The learning outcomes have been insufficiently realised.|
|20-29%||Very little knowledge has been demonstrated and the presentation shows little coherence of material or argument.|
|0-19%||Only isolated or no knowledge displayed.|