monetary economics and finance.

The course aims at giving an applied account of the financial crisis of 2007-08 and of
the economic policies means used to overcome them. The focus is on the big financial
crisis started in the US in 2007 and on the tools used by the central banks.

1)Description of the evolution of the markets and of financial instruments in the last
decade.
2)examples to understand why certain financial derivatives have been used in the past
and the consequences of their use for financial and macroeconomic stability.
3) the debate on the lender of last resort function of the central bank.
4) unconventional monetary policies.

The program consists of of a selection of essays on the themes of the course, namely financial crises and proposals of reforms. The list of essays, will be distributed during the lessons.

• Lessons open to interactive participation by students
  
  seminars

• written exam consisting of
  a) multiple choice questions to be answered on the essays or book chapters in the
  program.(weight 70%)
  
  b)an open answer question of at least 300 words.(weight 30%)

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