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This homework activity checks your understanding of why large financial firms or universal banks were created, the motivation behind the 1988 Basel Accord, the criteria for a successful central bank, and the limits of the Federal Reserve in preventing a stock market crash. Briefly answer (in a list or short paragraph) the following questions:
Owners and managers have cited three reasons for the creation of large financial firms or universal banks. What are these reasons? Refer to Chapter 13, section “The Future of Banks,” pages 336-337.
What was the primary motivation behind the creation of the 1988 Basel Accord?
Today, there is a clear consensus about the best way to design a central bank. What are the criteria for a successful central bank?
Respond to the following statement with a brief explanation: “The Federal Reserve can improve the performance of the stock market, but it cannot prevent a stock market crash.”
View RubricWeek 7 Homework Activity – Banking Concepts 2Week 7 Homework Activity – Banking Concepts 2CriteriaRatingsPtsIdentify the three reasons owners and managers have cited for the creation of large financial firms or universal banks.20 to >18 ptsExemplaryThoroughly identified the three reasons owners and managers have cited for the creation of large financial firms or universal banks.18 to >16 ptsCompetentCompetently identified the three reasons owners and managers have cited for the creation of large financial firms or universal banks.16 to >14 ptsSatisfactorySatisfactorily identified the three reasons owners and managers have cited for the creation of large financial firms or universal banks.14 to >12 ptsNeeds ImprovementInsufficiently identified the three reasons owners and managers have cited for the creation of large financial firms or universal banks.12 to >0 ptsUnacceptableDid not submit or did not identify the three reasons owners and managers have cited for the creation of large financial firms or universal banks./ 20 ptsIdentify the primary motivation behind the creation of the 1988 Basel Accord.20 to >18 ptsExemplaryThoroughly identified the primary motivation behind the creation of the 1988 Basel Accord.18 to >16 ptsCompetentCompetently identified the primary motivation behind the creation of the 1988 Basel Accord.16 to >14 ptsSatisfactorySatisfactorily identified the primary motivation behind the creation of the 1988 Basel Accord.14 to >12 ptsNeeds ImprovementInsufficiently identified the primary motivation behind the creation of the 1988 Basel Accord.12 to >0 ptsUnacceptableDid not submit or did not identify the primary motivation behind the creation of the 1988 Basel Accord./ 20 ptsList the criteria for a successful central bank.20 to >18 ptsExemplaryThoroughly listed the criteria for a successful central bank.18 to >16 ptsCompetentCompetently listed the criteria for a successful central bank.16 to >14 ptsSatisfactorySatisfactorily listed the criteria for a successful central bank.14 to >12 ptsNeeds ImprovementInsufficiently listed the criteria for a successful central bank.12 to >0 ptsUnacceptableDid not submit or did not list the criteria for a successful central bank./ 20 ptsExplain the statement, “The Federal Reserve can improve the performance of the stock market, but it cannot prevent a stock market crash.”20 to >18 ptsExemplaryThoroughly explained the statement, “The Federal Reserve can improve the performance of the stock market, but it cannot prevent a stock market crash.”18 to >16 ptsCompetentCompetently explained the statement, “The Federal Reserve can improve the performance of the stock market, but it cannot prevent a stock market crash.”16 to >14 ptsSatisfactorySatisfactorily explained the statement, “The Federal Reserve can improve the performance of the stock market, but it cannot prevent a stock market crash.”14 to >12 ptsNeeds ImprovementInsufficiently explained the statement, “The Federal Reserve can improve the performance of the stock market, but it cannot prevent a stock market crash.”12 to >0 ptsUnacceptableDid not submit or did not briefly explain the statement, “The Federal Reserve can improve the performance of the stock market, but it cannot prevent a stock market crash.”/ 20 pts
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