Organisational Structure of eBay -
February 4th, 2011
eBay Inc. is an American Internet company that manages eBay.com, an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide. Founded in 1995, eBay is one of the notable success stories of the dot-com bubble; it is now a multi-billion dollar business with operations localized in over thirty
Chairman of the Board
CTO, Products & Marketplaces
The law states that “the main objective of the monetary policy was to maintain the monetary stability that could facilitate economic growth”. Such policy reflects the “consensus between the policy-makers and economists that claimed that stable economic growth could only be achieved within a stable monetary environment”. The People’s Bank of China depended heavily on the government. Even before the law was promulgated People’s Bank was accustomed to performing “multiple objectives such as maintenance of monetary stability and promotion of economic growth”. “The situation or change of one element affected the position of another element”. For instance, when the government felt “a sudden need for economic growth acceleration, the People’s bank would be instructed to issue more credits to firms”. “A significant amount of credits would be accompanied by higher inflation” is induced by the high degree of economic growth (p. 7).
On the contrary, the Central Bank Law of 1995 did not “fully transformed the People’s Bank as an independent central bank that is capable of undertaking and implementing monetary policy without being influenced or intervened by the government politics”. The Central Bank Law states that “the People’s Bank must formulate and implement monetary policies under the supervision of the State Council. People’s bank decisions regarding money supply, interest rates, and exchange rates among others must be approved by the council”. In addition, “the State Council reigns superior in terms of decision-making compared to the People’s Bank” (p. 8). The People’s Bank’s dependent position was “perceived to be a problem though it also contributes to the stability of the macroeconomic performance”. Its effort to “expand and branch out grant more access points opened for political influence by the local elites. Local officials not only control regarding lending decisions but also interfered in governmental efforts to improve the banking system and regulations per se while dealing with financial irregularities”
Last edited by netrashetty; February 4th, 2011 at 10:36 AM..