Las finanzas internacionles

Name: Ernesto Naranjo
Course: VIII “C”
BANKING
VOCABULARY
1.-Ministry of commerce and finance:
Mission:
Securing financial resources for national development, with transparency andsustainability.
Vision:
Being a modern ministry, decentralized, with high technical efficiency, credibility and trust in the service of Ecuadorian society.
2.-Federal reserve:
The Federal Reserve System isthe central bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role inbanking and the economy has expanded.
Today, the Federal Reserve's duties fall into four general areas:
* conducting the nation's monetary policy by influencing the monetary and creditconditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates
* supervising and regulating banking institutions to ensure the safety and soundness ofthe nation's banking and financial system and to protect the credit rights of consumers
* maintaining the stability of the financial system and containing systemic risk that may arise in financialmarkets
* providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation's payments system3.- European central bank:
The ECB’s main task is to maintain the euro's purchasing power and thus price stability in the euro area. The euro area comprises the 17 European Union countries thathave introduced the euro since 1999.
4.- Superintendencia de bancos:
Mission:
To ensure security, stability, transparency and soundness of financial systems, private insurance and social security,through an efficient and effective regulatory and supervisoryprocess to protect the public interest and promote the development of the country.
Vision:
Being an autonomous and independent...