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Thailand and Canada central Bank. Tosaporn Lokitsataporn(Nae) G.11. Thailand Central Bank Logo. Thailand Central Bank's Functions.

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Thailand and Canada central Bank


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    Presentation Transcript
    1. Thailand and Canada central Bank Tosaporn Lokitsataporn(Nae) G.11

    2. Thailand Central Bank Logo

    3. Thailand Central Bank's Functions • The Bank of Thailand has international representation in London and New York City as well. In Thailand, the bank is split into three groups: The Northern, Northeastern, and Southern groups. • The reason for this is to better analyze and study regional areas more carefully and to prevent illegal activities and business practices on a more local scale. The Bank of Thailand has several primary functions for its role in the economy. • *Print and issue banknotes and other security documents (Currency of Thailand is the baht) • *Promote monetary stability and formulate monetary policies. • *Manage the BOT’s assets • *Provide banking facilities to the government and act as the registrar for the government bonds • *Provide banking facilities for the financial institutions. • *Establish or Support the establishment of payment system • *Supervise and examine the financial institutions • *Manage the country’s foreign exchange rate under the foreign exchange system and manage assets in the currency reserve according to the Currency Act. • *Control the foreign exchange according to the exchange control act.

    4. One of the bank’s most important functions is controlling the core interest rate, which has been monitored closely since its inauguration. This process is calculated meticulously in the head office of the Central Bank, which is split into twelve groups/departments. They are as follows: • *Monetary Policy Group • *Financial Markets Operations Group • *Financial Institutions Policy Group • *Supervision Group • *FIDF Management Group • *Management Assistance Group • *Information Technology Group • *Strategic Capabilities Group • *Operations Group • *Banknote Management Group • *Internal Audit Group • *Financial Risk Management and Operations Department

    5. Roles and Responsibilities of Thailand Central Bank • The bank of Thailand's mission is to provide a stable financial environment for sustainable economic growth in order to achieve continuous improvement in the standard of living of the people of Thailand. • It defines its roles as: • Print and issue bank notes and other security documents • Promote monetary stability and formulate monetary policies • Manage the BOT’s assets • Provide banking facilities to the government and act as the registrar for the government bonds • Provide banking facilities for the financial institutions • Establish or Support the establishment of payment system

    6. Supervise and examine the financial institutions • Manage the country’s foreign exchange rate under the foreign exchange system and manage assets in the currency reserve according to the Currency Act • Control the foreign exchange according to the exchange control act • Since May 2000, the bank has targeted inflation, replacing money supply as the core of its monetary policy. Its current target for core inflation is 0.5%-3.0%. • Interest rates are designated by the Monetary Policy Committee, which comprises three officials from the Bank of Thailand and four other experts. • The Bank is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion

    7. Thailand Central Bank'sFederal Reserve • The Thai National Banking Bureau, the precursor to the central bank, was established in 1939 as part of the Ministry of Finance and was the first organization to assume central banking activities in Thailand. When World War II spread to Asia, the government changed the status of the Bureau to a central bank through the passage of the Bank of Thailand Act in 1942, which decreed the Bank of Thailand the legal entity responsible for all central banking activities. • The Minister of Finance is empowered to oversee the overall affairs of the Bank, with general control and direction entrusted to a court of directors, comprised of the governor and deputy governors, appointed by His Majesty the King as chairman and vice chairmen respectively, and at least five assistant governors appointed by the Cabinet.

    8. Central Bank of Canada Logo

    9. Central Bank of Canada's Functions • The Bank of Canada (BOC) is a central economic and financial institution in Canadian government and politics. It oversees such important things as the national borrowing rates (interest rates), as well as the value of the Canadian dollar relative to other national currencies.

    10. Roles and Responsibilities of Central Bank of Canada • Regulate credit and currency • Control and protect the external value of the national monetary unit • Use monetary action to mitigate fluctuations in the general level of production, trade prices, and employment. • The Bank administers the nation’s currency, protects its value, and acts as the government's and chartered banks' official banker. The Bank of Canada's most important function is to set monetary policies that will promote a healthy economy. This is accomplished primarily through taking steps to raise and lower interest rates.

    11. Central Bank of Canada ‘s Federal Reserve • Further to the 9 May 2010 announcement that the Bank of Canada and the U.S. Federal Reserve have agreed to the re-establishment of the US$30 billion swap facility (reciprocal currency arrangement), the Bank of Canada and the U.S. Federal Reserve today published the text of that swap arrangement. • As mentioned in the 9 May 2010 announcement, the Bank judges that it is not necessary for it to draw on its swap facility at this time, but that it is prudent to have the arrangement in place. Should the swap be drawn on, the details of the facilities through which US dollar liquidity would be provided to the Canadian financial system would depend on the specific market circumstances at that time. • The Bank of Canada is closely monitoring global market developments and is committed to providing liquidity as required to support the stability of the Canadian financial system and the functioning of financial markets.

    12. The nation needs a money manager because money does not manage itself. Money and credit are the lifeblood of the economy; they facilitate commerce, job creation, and business growth. As our nation's money manager, the Fed implements monetary policy to manage the flow of money and credit in the economy. • If money and credit expand too rapidly, businesses cannot produce enough goods and services to keep up with increased spending. Prices may rise, causing inflation. If the flow of money and credit contracts too greatly, spending and business activity may dwindle, workers may lose their jobs, and a recession may result. • As our nation's money manager, the Fed conducts monetary policy to attempt to balance these two extremes to keep prices steady, workers employed, and factories productive.

    13. Thank You