| CODE | ECN5072 | ||||||
| TITLE | Advanced Monetary Economics | ||||||
| UM LEVEL | 05 - Postgraduate Modular Diploma or Degree Course | ||||||
| MQF LEVEL | Not Applicable | ||||||
| ECTS CREDITS | 6 | ||||||
| DEPARTMENT | Economics | ||||||
| DESCRIPTION | The study-unit is designed to deal with the latest developments in monetary economics at an advanced level of theoretical analysis. The study-unit will cover topics including the role of money in the economy under different assumptions, the role of interest rates in closed and open economies, monetary policy formulation and implementation and central banking issues including monetary policy rules, prudential regulation and supervision, and independence considerations. The study-unit will also involve a number of case studies. Among these, aspects of regional monetary integration will be tackled with particular reference to the EMU. Furthermore, issues related to financial crises are studied with particular reference to the recent developments in the Asian "tiger" economies. The delivery of the course will be centred around the study of a number of recent papers published in top academic journals, among which those by Bernanke, Christian, Eichenbaum, Evans, Mihov and Mishkin. Reading List - Mishkin, F.S. The Economics of Money, Banking and Financial Markets. Addision Wesley, 1998. - Blinder, A.S. Central Banking in Theory and Practice,The MIT Press Paperback, 1999. - Howells, P. Bain, K. The Economics of Money, Banking and Finance Longman,1998 - Gros, D. and Thygesen, N. European Monetary Integration, Longman, 1998 |
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| STUDY-UNIT TYPE | Lecture | ||||||
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2025/6. It may be subject to change in subsequent years. |
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