Part A. Written Report
You are required to prepare a report addressing the criteria below in accordance with the AIB assessment guide and style guide requirements. We have provided an Assignment template below to assist with structuring your written report.
The report structure must include the following sections:
• Executive summary
• Table of contents
• Introduction
• Main body
• Conclusion
• Recommendations.
You are required to select a central bank responsible for monetary policy in a country of your choice.( I suggest Nz, Australia or USA)
Your report must address the following:
1. Discuss the role of a central bank in a country, particularly in implementing monetary policy. Comment on any regulatory requirements imposed on the central bank in performing their responsibilities.
2. Comment on the current economic environment (inflation and interest rates) of your selected country, monetary policy employed by the central bank, and effects of those monetary policies on financial markets including asset values and yields.
3. In the article the Australian Treasurer Scott Morrison argues ‘that in a world of low, and in some cases negative, rates, monetary policy has ‘exhausted its effectiveness’ and ‘its ability to impact and influence is diminishing’. Further, ‘while not questioning the RBA’s independence, Mr Morrison believes that that the effectiveness of central bank rates has been exhausted’. Do you agree with Mr Morrisons comments that central bank effectiveness has been exhausted? Your answer should relate to the selected country and supported with relevant research.
4. Australia remains exposed to global issues that make monetary policy and budget repair increasingly difficult – with the fallout from Brexit and the US presidential election likely to cause more volatility on global markets. Identify and explain whether global issues make monetary policy and budget repair difficult in the selected country.
5. Identify and discuss how Authorised Deposit Institutions (ADIs) deal with credit, liquidity, operating and interest rate risks in the selected country. Comment on how the Basel Accords help deal with these risks.
ASSIGNMENT REQUIREMENTS
Important assignment instructions
• In terms of structure, presentation and style you are normally required to use:
o AIB standard report format
o AIB preferred Microsoft Word settings
o author-date style referencing (which includes in-text citations plus a reference list).
These requirements are detailed in the AIB Style Guide.
• Reference lists for AIB assignments/projects normally contain the following number of relevant references from different sources: 6–12 (for MBA assignments).
• All references must be from credible sources such as books, industry related journals, magazines, company documents and recent academic articles.
• Your grade will be adversely affected if your assignment contains no/poor citations and/or reference list and if your assignment word length is beyond the allowed tolerance level (see Assessment Policy available on AIB website).
• Useful resources when working on your assignments include:
o AIB Assignment Guide
o AIB Style Guide.
• Use the AIB Online Library to assist you in your research, including:
o EBSCO Host online library
Part B. Oral presentation
Once you have written your report, you are asked to prepare a PowerPoint slideshow presentation, as well as script and record a narration. Imagine the audience for your presentation is a group of securities industry personnel in the country you have selected.
The presentation should be between 3–5 minutes and use five slides. You are required to use the PowerPoint template provided below.
• Content and message (10 marks): Include appropriate structure, content, coherence, flow, font type, size, spacing and diagrams (optional).
• Presentation and voiceover (5 marks): Articulate plain speak oral presentation aligned to report taking into account audience profile.
You must submit the presentation deliverables in two parts: (1) Record and submit your oral narration; (2) Submit your slides and slide notes as a PDF document.
See the resources below for further presentation requirements and how-to's on recording and saving your presentation.