Corso di studio in Economia

Understanding monetary and prudential policy.

Based on a sound conceptual framework.

Command some key concepts and tools underlying monetary and prudential policy.  

For instance, you will be able to discern (1) which digital assets are money; (2) why central bank independence may help achieve better economic performance; (3) some causes of   financial crises (4) how prudential policy tries to prevent and mitigate them; (5) why and how monetary policy strategy by the ECB has recently changed.  

I encourage questions and discussion during and after the presentations. 

Written exam, 50'- 60'.   Questions that require short, precise answers and possibly the solution of a problem. 

This course explores the interaction between money, financial intermediaries, the real economy and central banks.  Chapters refer to the Cecchetti et al textbook. We also rely on conference presentations from YouTube and guest lectures.

See Moodle for the up-to-date syllabus.

1. Money and digital currency
2. The International Role of the Euro 

3. Central Banks today
4. Structure of Fed and ECB
5. The Money Supply Process
6. Monetary Policy: stabilizing the economy

8. Money Growth, Money Demand and current Monetary Policy
9. Output, Inflation and Monetary Policy
10. President Lagarde presents the latest monetary policy decisions  
11. Financial Intermediation
12. Banks and bank management
13. Regulating the Financial System
14. Side Effects of Bank Regulation and Financial Innovation
    1. Technology and Shadow Banks, Amit Seru
    2. Arbitraging the Basel Securitization Framework, Paper and presentation, 
    3. Fintech and Bigtech

15. Recent Challenges: Ch. 23

16. Central Baking in a Centrifugal World
17. IMF Spring Meeting

The full reading list will be available on Moodle.

Register on Moodle. Choose the curent Academic Year