Money and Banking

货币经济学课程笔记

The module will have three parts.

1. Central Banks and the Banking System

• How banks operate and why they play an important role in the economy;
• what central banks are and how they create money;
• introducing the Federal Reserve and the ECB;
• how and why banking crises occur;
• policies to prevent and deal with banking crises;
• micro-prudential and macro-prudential banking regulation.

2. Monetary Policy

• Monetarism and the relationship between money and inflation;
• how the Fed and ECB control short-term interest rates;
• the term structure of interest rates;
• default risk and collateral;
• quantitative easing;
• the Phillips curve, inflation and supply shocks;
• central bank institutions;
• rules for setting interest rates.

3. Exchange Rate Regimes and the Euro

• The trade-off between control of interest rates and exchange rates;
• instability of pegged exchange rates;
• sudden stop crises;
• European monetary union and the euro crisis.

I will also regularly refer to papers, speeches and data sources and will provide links to these materials on Brightspace. These are supplementary material to give you the chance to dig into topics in more detail should you wish.

本网站内容为课程学习笔记，用于梳理模型与推导，如果你对课程更多信息感兴趣，请参考Kral Whlean的网站。