Monetary economics

Monetary economics
114-0377/01
čeština Monetary economics
114-0377/02
čeština

Summary

Subject Monetary Economics provides information about contemporary monetary economics. First, there is explained what is the role of money in market economy, how does modern monetary system look like, what are conventional tools of monetary policy and how transmission mechanisms work. Next, the course deals with unconventional tools of monetary policy, seigniorage and independence and transparency of central banks. In addition, topics such as monetary policy regimes, monetary policy uncertainty, prices of assets a financial stability are discussed in this course. Moreover, there is discussion about monetary policy within and out of monetary union. Finally, we analyse models of monetary policy and discuss actual questions related with monetary policy of the Czech National Bank.

Literature

KRUGMAN, Paul R., Maurice OBSTFELD a Marc J. MELITZ. International Finance: Theory & Policy. 12th ed. Harlow: Pearson, 2022. ISBN ‎ 978-1292417004.
MISHKIN, Frederic S. The Economics of Money, Banking, and Financial Markets. 12th ed. Harlow: Pearson Addison Wesley, 2019. ISBN 978-1-292-26885-9.
MISHKIN, Frederic S. and Stanley G. EAKINS. Financial Markets and Institutions. 10th ed. Harlow: Pearson Addison Wesley, 2023. .

Advised 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.
MOENJAK, Thammarak. Central Banking: Theory and Practice in Sustaining Monetary and Financial Stability. Singapore: Wiley, 2014. ISBN 978-1-118-83246-2.
VALDEZ, Stephen and Philip MOLYNEUX. An Introduction to Global Financial Markets. London: Palgrave, 2016. ISBN 978-1-137-49755-0.

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Language of instruction	čeština, čeština
Code	114-0377
Abbreviation	MOE
Course title	Monetary economics
Coordinating department	Department of Economics
Course coordinator	prof. Ing. Zuzana Kučerová, Ph.D.