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    Money and Monetary Policy

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    jolly so
    The course aims to provide students with up-to-date knowledge of money, central banking, and monetary policy. By the end of the course, students should be able to discuss the functions of money and credit, compare central banking practices, and explain the objectives and tools of monetary policy. The course outline covers the nature of money, major central banks, traditional and unconventional monetary policy tools, and the monetary policy transmission mechanism.

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    Money and Monetary Policy

    Uploaded by

    jolly so
    22 views2 pages
    The course aims to provide students with up-to-date knowledge of money, central banking, and monetary policy. By the end of the course, students should be able to discuss the functions of money and credit, compare central banking practices, and explain the objectives and tools of monetary policy. The course outline covers the nature of money, major central banks, traditional and unconventional monetary policy tools, and the monetary policy transmission mechanism.

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    The course aims to provide students with up-to-date knowledge of money, central banking, and monetary policy. By the end of the course, students should be able to discuss the functions of money and credit, compare central banking practices, and explain the objectives and tools of monetary policy. The course outline covers the nature of money, major central banks, traditional and unconventional monetary policy tools, and the monetary policy transmission mechanism.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    22 views2 pages

    Money and Monetary Policy

    Uploaded by

    jolly so
    The course aims to provide students with up-to-date knowledge of money, central banking, and monetary policy. By the end of the course, students should be able to discuss the functions of money and credit, compare central banking practices, and explain the objectives and tools of monetary policy. The course outline covers the nature of money, major central banks, traditional and unconventional monetary policy tools, and the monetary policy transmission mechanism.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Money and Monetary Policy

    Course Objective

    The course aims at equipping students with up-to-date knowledge of money,


    central bank and monetary policy. Textbook knowledge is accompanied with
    recent developments in the analysis of monetary policy.

    Intended Learning Outcomes

    By the end of this course, students should be able to:-


    1. discuss the functions of money, and how money and credit are created
    2. discuss the functions of central bank;
    3. compare and contrast the practices of different central banks;
    4. explain the objectives of monetary policy and assess how different
    monetary policy tools can achieve these objectives;
    5. explain why central banks raise and reduce interest rates, and how central
    bank adopt QE and reduce the balance sheets

    Course Outline

    1. What is Money?
    I. Uses of money
    II. The money multiplier
    III. The quantity theory of money

    2. Introduction to Major Central Banks


    I. The role of central banks
    II. Structure and independence of central banks

    Central banks to be discussed:


    a. Fed
    b. ECB
    c. BOE
    d. BOJ
    e. PBOC

    3. Monetary Policy
    I. Expansionary and contractionary monetary policies?
    II. Traditional monetary policy tools
    III. Unconventional monetary policies (with special focus on quantitative
    easing and its normalization)

    4. The Monetary Policy Transmission Mechanism


    I. Interest rate channel
    II. Exchange rate channel
    III. Credit channels
    IV. Other channels

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