The role of central banks in monetary stability in USA & Euro area
A Thesis Submitted By
Firas Hussain Ali Al-Saffar
To
The Council of The Collage Of Administration and Economics
University of Karbala
In Partial Fulfillment of Requirements for The PH. D. Degree in Economics
Supervisor
Prof. Dr. Hashim M. Al-Shemari
Prof. Dr.Hamid E. Abid

The study intends to review Euro area and United State of America’s central bank’s policies as models. It includes the reason for establishing these central banks and progress or changes in their monitoring policies since establishment. So the research discusses objectives, function and purposes of the policies.
My contribution is to compare and analyst the reality of the effect of the monetary policies tools on the stability of the US and EU economy. The application of methods like descriptive analysis , statistical analysis , econometrics and techniques like Eviews 7 modern program to test the stability of the economy through time series , unitroot counteraction and causality direction and the possibility to take advantage of the applications.
Also through my research reviewed the effect of monitory policies on commercial banks and its effect on global financial economic statistics.
The research then analyst methods and the techniques used in the two models to conclude on weakness and strength of the monetary policies. Also to provide a platform for research on tow toggle such policies on the function of Iraq central bank monetary policies.