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? Assignment

Was there a primary reason for the 1988 Basel Accord’s creation?
There is consensus today about how to best design a central banking institution. Which criteria are necessary for a functioning central bank to be successful?
Answer the following question with a quick explanation. The Federal Reserve is able to improve performance, but cannot stop a stock market collapse.

 

Assignment

 

Answer

Managers and owners have given three reasons why they created large banks or financial institutions. These are the reasons. 

The second reason is diversification. The second is diversification. Universal banks and large financial companies don’t make all their money off one service or product. Second, economies of scale. A large company can operate with only one CEO, one Board and one accounting software. Third, economies of scale: A company offering a variety of services and products may have lower costs than companies selling a single product.

Which was the main motivation for creating the 1988 Basel Accord in the first place?

Globalization was the main goal of The Basel Accord 1988. It allowed foreign banks to enter a market, and then compete with local banks. International banks had an advantage over domestic banks due to differences in regulatory requirements between international and local banks (BIS, no. n.d.). Basel Agreement will require financial institutions that have global operations to meet minimum capital requirements.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more