Should There be a Global Central Bank?

Point

Yes. A global central bank could serve all countries in the manner that the European Central Bank now serves several European countries.

With a single central bank, there could be a single monetary policy across all countries.

Counterpoint

No. A global central bank could create a global monetary policy only if a single currency were used throughout the world. Moreover, all countries would not agree on the monetary policy that would be appropriate.

Who Is Correct?

Use the Internet to learn more about this issue and then formulate your own opinion.