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The course of Monetary Economics provides students with the basic tools necessary to understand what the financial system does, how it works and its link with real economy. The first part of the course will deal with the definition and functioning of the financial system and will explain the relation between interest rates, time and risk. The second part of the course will be devoted to analysis of Central Banks and monetary policy. The third part will present and discuss the main economic theories behind modern monetary policy. Students attending the course will be able to understand the reasons for monetary policies implemented in the main Regions of the World and the challenges arising from the changing nature of financial markets. |
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Cecchetti S.G., Schenholtz K.L. (2017). Money, Banking, and Financial Markets, 5th edition. McGraw-Hill. |
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The exercises and questions loaded in correspondence of the lessons are to be considered self-report nature. They have no value for the purpose of admission to the examination and should not be delivered to the tutor. |