Economics Money Banking

Introduction

Economics Money and Banking focuses on the traditional model of money and banking in the American banking system, a mixed capitalist economy. The course explains the functions of money and the functions and responsibilities of banking intermediaries and the Federal Reserve System in facilitating the needs of demanders of money. The course presentation of banking presumes one banking system exists which satisfies the needs of all potential users. In recent years, the evolution of non-traditional banking options has changed the view that one banking system can satisfy all users of banking services. Additionally, as the economic world has become more interdependent, national banking systems have evolved into global banking systems.

Question

Changes in the traditional banking system leave us with two broad questions-How has the traditional banking system changed? and How have banks responded to increased global interdependence? In this assignment you will respond to one of the above questions in a term (research) paper; you may select either question. For your convenience three topics are provided from which you may choose to write your paper:

1. Shadow Banking (in either the U.S. or a country of your choice).
2. Social Banking (in either the U.S. or a country of your choice).
3. Global Banking.

Topics (1) and (2) will answer the "how has traditional banking changed" question. The Global Banking topic is broad so you will need to narrow to a specific issue.

Task

In 1,250 to 1,500 words (5-6 pages excluding the title and references pages) compare and contrast the traditional banking model to either "Shadow Banking" or "Social Banking". OR, describe and discuss "Global Banking" or a global banking topic. You may also compare and contrast the same system, e.g. Shadow Banking, between two countries. Your paper should specify a premise (thesis) which may reflect an opinion reached after studying the topic and should present key aspects/facts/features of the system. Remember to also include statistics (for example, the $ size of traditional banking transactions versus transactions in the alternative system) which describe the system and lend support to your position. Overall you want the paper to demonstrate that you researched the topic and want to reflect what you learned. (Notify me of your topic through Canvas in the designated folder).

Required Sources

Your paper must reference at least eight sources dated no older than 2008; two (2) sourcesmust be academic sources; the remaining six (6) sources can be newspaper articles, internet news sources, agency sources (federal reserve, IMF ...) and so on.

Format

Format your paper according to APA style. Use in-text citations, title and references pages. Times New Roman, Font size 11 or 12, double-spaced, one-inch margins. You may either imbed tables or graphs or place in an appendix; however, remember to follow APA instructions on labeling and citing.