Monetary theory and policy

Type of study	Bachelor
Language of instruction	Czech
Code	114-0360/01
Abbreviation	MTP
Course title	Monetary theory and policy
Credits	4
Coordinating department	Department of Economics
Course coordinator	prof. Ing. Zuzana Kučerová, Ph.D.

Subject syllabus

1. Bank institutions, historical background.
2. Money, definition, forms, monetary aggregates.
3. Financial System, Functions and Structure of Financial Markets.
4. Electronic money, electronic payments, electronic banking.
5. Digital revolution and impact on MP. Cryptocurrencies, digital currencies, CBDC.
6. Central bank and its functions.
7. Banking systems and history of banking in the Czech Republic.
8. Monetary Policy Objectives and transmission mechanisms.
9. Monetary policy instruments.
10. Financial stability, macroprudential policy.
11. Inflation targeting and inflation expectations.
12. Forex interventions.
13. Balance of payments.

E-learning

https://lms.vsb.cz/

Literature

CECCHETTI, Stephen G. a Kermit L. SCHOENHOLTZ. Money, Banking, and Financial Markets. 6th ed. New York: McGraw-Hill Education, 2021. ISBN 978-1-260-22678-2.
MISHKIN. Frederic S. The Economics of Money, Banking, and Financial Markets. 12th ed. Harlow: Pearson Addison Wesley, 2019. ISBN 978-1-292-26885-9.
VALDEZ, Stephen and Philip MOLYNEUX. An Introduction to Global Financial Markets. London: Palgrave, 2016. ISBN 978-1-137-49755-0.

Advised literature

MOENJAK, Thammarak. Central Banking: Theory and Practice in Sustaining Monetary and Financial Stability. Singapore: Wiley, 2014. ISBN 978-1-118-83246-2.
MISHKIN, Frederic S. Monetary Policy Strategy. Massachusetts: MIT Press, 2009. ISBN 978-0-262-51337-1.
MISHKIN, Frederic and Stanley G. EAKINS. Financial Markets and Institutions. 9th ed. Harlow: Pearson Education Limited, 2018. .

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