The Dollar Research Paper

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Have you ever wondered how the money in your country and other countries is being managed? At the same time you should also know the currency of where you are living. For instance the United States currency is the dollar. At the same time would you want to know who is at the top of the tower of the leaders when it comes to decisions handling money in the United States? In this case the dollar is managed by the United States Federal Reserve Bank. The Chairwoman of the United States Federal Reserve is Janet Yellen. Who would not want to know about the critical details of their government? In some cases it may very well just be the poor judgment of governing policies held by the citizens in the residence. Of course it is important to do research …show more content…
While not having a say in who has been chosen means that you have no knowledge about what is happening in the Federal Bank unless you do your research. Therefore, it is important to know that Janet Yellen is one of the very powerful leaders that contributes to major decisions of the United States money. In addition to other countries in several different parts of the world they may have their own chairwoman, chair, or president of their management bank. In the case of Europe, Mario Draghi is the president of the European Central Bank. Just as Janet Yellen, Draghi manages the money of Europe. In Europe the currency is the euro. It is important to remember that not everywhere you go or travel to has the same currency. In the case of these two powerful leaders they are more alike than they are different. In similarity neither Yellen nor Draghi are elected by popular vote. Secondly, they both manage day-to-day business of the banks of their countries. Lastly, they are comparable in the fact that they enforce the monetary decisions of the currency in their …show more content…
economy. In addition, Yellen confirmed that the U.S. monetary policy is to return a more long-established monetary policy once the economy return back within its normal ranges.Just as Janet Yellen does for the United States Federal Reserve bank, Mario Draghi manages the everyday business details of the European Central Bank. Since the ver begining it has been DRaghi’s mission to make changes. To start off, MArio Draghi supervised a loan from the European Central Bank(ECB). In any case the major problem was in Eurozone when Draghi started his tenure. To address this problem, Draghi decided not to decrease the influence of interest on private sector loans and intended to keep inflation in check. In 2012 the ECB inserted funds into the Eurozone by giving another round of loans to European banks. Draghi has worked exhaustingly to alleviate concerns in the Eurozone dealing with the crisis of
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