monetary economics and finance.

The students should be able to grasp the evolution of the international financial system in th past two decades by using various tools. The main tool is the analysis of financial institutions balance sheets across different periods as well as that of the central banks. Another tool is the institutional and historical context which can be studied in reports and essays.

The course delas with:
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 and 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.
Some of them can be frrely downloaded from the internet, others will be provided by the teacher.

• Lessons open to interactive participation by students
  
  

• written exam consisting of
  a) multiple choice questions to be answered on the essays or book chapters in the
  program.(weight 70%)
  B)open questions 30% weight
  
  

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