Monetary theory and policy

Type of study	Bachelor
Language of instruction	Czech
Code	114-0460/01
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. Money and Credit in Economy
2. Different Kinds of Money and Payment System Evolution
3. Financial System, Functions and Structure of Financial Markets
4. Banking Systems and History of Banking
5. Central Bank
6. Theoretical Approaches to Money Demand
7. Money Creation, Money Supply Process
8. Interest Rate Theories
9. Monetary Policy Objectives
10. Transmission mechanism of monetary policy
11. Monetary Policy Instruments
12. Inflation Targeting and Money Supply Targeting
13. The ECB’s Monetary Policy Strategy
14. Financial Crises and Monetary Policy

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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