3 ECTS
The course consists of four related parts. The first part introduces students to the basic notions of money, credit, interest rates, and financial markets. The second part focuses on banks, banking risks and regulation, central banking and financial system, in connection with money supply and demand. The third part addresses the institutional structure, goals, strategy and operating procedures of the European Central Bank. The fourth part is devoted to discussing the monetary policy transmission mechanism in the context of an open economy.
- Teacher: Paolo Paesani