2024年3月22日发(作者：)

MONEY, BANKING AND FINANCE

CEU, Economics Department

Lecturer: Prof. Jacek Rostowski

Course: 4 credits

Aims of the course

The aim of the course is to develop the students' understanding of the

microeconomics of money and banking, of the role of the monetary and

banking systems in a market economy, and of the macroeconomic impact of

the behaviour of banking firms. Students should also develop a knowledge of

the structure of banking systems, their place in the wider environment of the

financial system and of the economy as a whole, as well as the implications

both for microeconomic regulatory policy and national and global

macroeconomic policy of bank behaviour. Lectures will concentrate on the

structure of financial and banking systems and on the microeconomic theory

of banking, as well as the impact of the banking sector on macroeconomic

fluctuations and policy. A final section will address the issue of banking reform

in the transition from Communism. Seminars will address a wide range of

historical, empirical and policy topics, and will require broad reading, critical

analysis of the recommended material and its succinct presentation in class.

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Assessment:

The course will consist of lectures and seminars. Students will be required to

present a seminar paper on a specific topic relating to the course, to submit

this paper after revision, as a term paper and to pass a written 3 hour essay-

type exam at the end of the course.

The purpose of this form of assessment is to help develop students’

presentational and writing skills, as well as their ability to summarize

arguments, cogently and convincingly.

Grading

Term paper 45%

Term examination 55%

Course Outline:

PART ONE: INTRODUCTION - THE STRUCTURE OF FINANCIAL

SYSTEMS

PART TWO: REASONS FOR THE EXISTENCE OF BANKS.

PART THREE: BANK RUNS AND BANK REGULATION.

PART FOUR: OTHER REASONS FOR BANK REGULATION.

PART FIVE: THE EVOLUTION OF BANKING REGULATION SINCE THE

1930s.

PART SIX: INTEREST RATES, MONEY AND CENTRAL BANKS IN

MACROECONOMIC POLICY.

PART SEVEN: DEBT DEFLATION, BANKING AND THE MONETARY

TRANSMISSION MECHANISM.

PART EIGHT: BANKING REFORM IN TRANSITION.

ECONOMICS OF MONEY AND BANKING

PART ONE: INTRODUCTION - THE STRUCTURE OF FINANCIAL

SYSTEMS

1. Wealth, real assets, financial assets and capital markets.

2. Financial development and growth.

-financial ratios and the structure of the financial sector.

4. Bank based v. Market based financial systems.

5. Credit as a short term facilitator of investment.

5. The interaction of bank credit and equity finance.

PART TWO: REASONS FOR THE EXISTENCE OF BANKS.