Please answer these below questions one by one as clear as possible.
Chapter 9 – Central Banks and the Federal Reserve System
1.) Summarize in short essay format the case for central bank independence.
2.) Summarize the key points that Mr. William Dudley makes in his speech that is found here:
Chapter 10 – Conduct of Monetary Policy
1.) Go to the recent balance sheet of the Federal Reserve System (linked below) and describe the June 30, 2014 breakdown of assets in a chart. Provide a few paragraphs summarizing your findings as to whether there has been material change in the portfolio of assets since December 2013.
2.) Describe the following types of discount window borrowings: Primary Credit, Secondary Credit and Seasonal Credit.
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