Introduction:
This research project is about the Central Bank in Indonesia where we will discuss the meaning, the job and the role of the Central Bank in the economy of the country and it is influence.
In this project we will use the historical and the comparative analyses. With the help of using the internet and books to get all the information we need.
The object of this project is to identify mainly the Central Bank in Indonesia.
Our project will be divided into two sections, the first section discuss the central bank from a theoretical point of view. The second section talks about the central bank in the Indonesia.
Section É: Central Bank Structure.
1- Summery about it:
Central bank: is an institution designed to oversee the banking system and regulate the quantity of money in the economy.
The central bank in the United State and agency in it is Federal Reserve, often simply called the Fed.
The Central Bank was created in 1914 after a series of bank failures in 1907 convinced Congress that the United State needed a central bank to ensure the health of the nation's banking system.
The primary elements in the Central Bank System are:
1) The Board of Governors
2) The Regional Federal Reserve Banks
3) The Federal Open Market Committee
Today, the Central bank is run by its board of Governors, which has seven members appointed by the president and confirmed by the Senate. The governors have 14- year's term. The president appoints the chairman to a four- year term. The most important of these seven members of the Board of Governors is a chairman.
2- Function
The chairman has some function he should be doing in the central bank such as:
1- Directs the Fed staff
2- Presides over board m ...