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Monetary Economics and Central Banking

Course code
ECON609
Course type
MSc Course
Weekly Hours
2,5
ECTS
5
Term
FS 2020
Language
Englisch
Lecturers
Prof. Dr. Ralf Fendel
Please note that exchange students obtain a higher number of credits in the BSc-program at WHU than listed here. For further information please contact directly the International Relations Office.

1. Monetary Theory

2. Monetary Policy

3. The Role of Central Banks for Financial Stability

Date Time
Tuesday, 03.03.2020 08:00 - 11:15
Tuesday, 17.03.2020 08:00 - 11:15
Wednesday, 18.03.2020 08:00 - 11:15
Thursday, 19.03.2020 11:30 - 13:00
Tuesday, 24.03.2020 08:00 - 11:15
Tuesday, 31.03.2020 08:00 - 11:15
Wednesday, 08.04.2020 11:30 - 15:15
Thursday, 16.04.2020 08:00 - 11:15
Wednesday, 22.04.2020 09:45 - 11:15
- Interest rate determination

- Term structure of interest rates

- Money Creation in modern economies and new forms of money such as bitcoin

- The problem of the zero lower bound of interest rates

- Conventional and unconventional monetary policies

- Functioning of the European Central Bank (ECB) and the Fed

- Monetary policy strategies and implementation

- Monetary policy rules

- Credibility and time inconsistency in monetary policy

Mishkin, F. S., The Economics of Money, Banking, and Financial Markets, 12th ed., Pearson, Boston, 2018.De Haan, J., Osterloo, S. and Schoenmaker, D., Financial Markets and Institutions: A European Perspective, 3rd ed., Cambridge University Press, New York, 2015.
Lectures

Class Room Discussions

Self Study

Exam
Sound Knowledge in Macroeconomics
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