The course is focused on key areas of present monetary economy and policy. It presents and compares types of money demand and supply, including implications for different strategies of monetary policy, explains approaches of the theory of money impact and monetary processes on price level, inflation, product and other macroeconomics variables. In this course the process of monetary policy, objectives, instruments and transmission mechanisms of central bank´s monetary policy is analysed.
The global financial crisis 2007-2009 has led to changes in the structure of the financial and international monetary systems. This events caused changes in the way central banks operate, as well. The course provides practical implications of the global financial crisis in contemporary monetary theory and policy.