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Terminated in academic year 2020/2021

Monetary Policy

Type of study Follow-up Master
Language of instruction Czech
Code 156-0324/02
Abbreviation MP
Course title Monetary Policy
Credits 4
Coordinating department Department of Applied Economics
Course coordinator prof. Ing. Lumír Kulhánek, CSc.

Subject syllabus

1. The history of banking institutions and the role of a central bank.
2. Money, functions of money, monetary aggregates.
3. Electronic money.
4. Financial system, financial markets, financial intermediation.
5. Money demand.
6. Money supply.
7. Interest rate theory.
8. Central banking.
9. Monetary policy tools.
10. Monetary policy goals, transmission mechanisms.
11. Inflation targeting.
12. Regulation and supervision of the banking system.
13. Capital requirements, Basel I, II and III.
14. Conclusions.

Literature

MISHKIN, F. S. The Economics of Money, Banking, and Financial Markets. 10th ed. Harlow: Pearson, 2012. ISBN 978-0-273-76585-1 .

Advised literature

HANDA, J. Monetary Economics. 2nd ed. London: Routledge, 2009. ISBN 978-0-415-77210-5 .
MOENJAK, Thammarak. Central banking: theory and practice in sustaining monetary and financial stability. Singapore: Wiley, 2014. ISBN 978-1-118-83246-2.
ROTHBARD, Murray Newton. The mystery of banking. 3rd ed. Eastbourne: Terra Libertas, 2011. ISBN 978-1-908089-31-1.