This course sharpens your analytical skills for understanding the the basic theories of modern monetary systems. We will explore money, credit, and interest rate behavior; financial intermediation and central banking; and methods and objectives of monetary and regulatory policy. The first part of the course will focus on understanding how central banks use their powers, the macroeconomic theory that underlies the decision making of central banks and their effect on the economy and financial markets. In the second half of the class, we will focus on the economics and institutions of banking.
- Teacher: Stefano D'Addona