ECO 306 Milestone One Guidelines and Rubric
Overview: In Final Project II, you will write an informative research paper comparing and contrasting the structure and operation of the central bank of the
United States—the Federal Reserve—and the central bank of another country, chosen from the provided list below.
Prompt: For this milestone, identify a foreign central bank you wish to study from the list below and explain how it was established. Then, describe its financial
structure and explain the role it has in the process of financial intermediation.
Central Bank of Ireland
Central Bank of Iraq
Bank of Canada
Reserve Bank of India
Bank of Japan
Reserve Bank of New Zealand
Central Bank of Syria
Central Bank of Brazil
Central Bank of the Russian Federation
Specifically, the following critical elements must be addressed:
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?
i.
Please note the example from the Bank of Canada website where you can find financial structure information:
Bank of Canada website → Core Functions → Financial System. Other central bank websites will likely be similar.
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?
Rubric
Guidelines for Submission: Your paper must be submitted as a 2- to 3-page Microsoft Word document with double spacing, 12-point Times New Roman font,
one-inch margins, and at least three sources cited in APA format.
Critical Elements
Introduction: Identify
Proficient (100%)
Identifies the foreign country chosen
and explains how its central bank was
established
Introduction: Financial
Structure
Describes the financial structure of the
central bank chosen and the Federal
Reserve
Introduction: Financial
Intermediation
Describes the process of financial
intermediation and what role the
central bank and the Federal Reserve
play in that process
Articulation of
Response
Submission has no major errors related
to citations, grammar, spelling, syntax,
or organization
Needs Improvement (80%)
Identifies the foreign country chosen
and explains how its central bank was
established, but explanation is illogical
or incomplete
Describes the financial structure of the
central bank chosen and the Federal
Reserve, but description contains
inaccuracies or gaps
Describes the process of financial
intermediation and what role the
central bank and the Federal Reserve
play in that process, but description is
cursory or incomplete
Submission has major errors related to
citations, grammar, spelling, syntax, or
organization that negatively impact
readability and articulation of main
ideas
Not Evident (0%)
Does not identify the foreign country
chosen or explain how its central bank
was established
Value
20
Does not describe the financial structure
of the central bank chosen and the
Federal Reserve
35
Does not describe the process of
financial intermediation and what role
the central bank and the Federal
Reserve play in that process
35
Submission has critical errors related to
citations, grammar, spelling, syntax, or
organization that prevent understanding
of ideas
10
Total
100%
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Formatting
Title Page
Citation
Outline
