Resplendent quetzal Resplendent quetzal The resplendent quetzal () ("Pharomachrus mocinno") is a bird in the trogon family. It is found from Chiapas, Mexico to western Panama (unlike the other quetzals of the genus "Pharomachrus", which are found in South America and eastern Panama). It is well known for its colorful plumage. There are two subspecies, "P. m. mocinno" and "P. m. costaricensis". The resplendent quetzal plays an important role in various types of Mesoamerican mythology. It is the national bird of Guatemala, and its image is found on the country's flag and coat of arms. It also lends its name to the
Monetary policy Monetary policy Monetary policy is the process by which the monetary authority of a country, typically the central bank or currency board, controls either the cost of very short-term borrowing or the monetary base, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency. Further goals of a monetary policy are usually to contribute to the stability of gross domestic product, to achieve and maintain low unemployment, and to maintain predictable exchange rates with other currencies. Monetary economics provides insight into how to craft an optimal monetary policy. In developed countries, monetary