some basic notions on money and finance

The students should be able to grasp the evolution of the international financial system in the 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.

At the end of the course the student should be able to assess the effects of different policy measures by the central bank on the financial markets and to show graphically with the use of interconnected  T accounts how these measures are transmitted.

The course deals 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 texts will be given during the lessons nad made available on the teams channel.

• interactive lessons

  seminars ( voluntary)

• oral exam

English