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Course 2011-2012 a.y.

20286 - MONETARY POLICY AND FINANCIAL REGULATION


CLMG - M - IM - MM - AFC - CLAPI - CLEFIN-FINANCE - CLELI - ACME - DES-ESS - EMIT
Department of Economics

Course taught in English


Go to class group/s: 31

CLMG (6 credits - II sem. - OP  |  SECS-P/01) - M (6 credits - II sem. - OP  |  SECS-P/01) - IM (6 credits - II sem. - OP  |  SECS-P/01) - MM (6 credits - II sem. - OP  |  SECS-P/01) - AFC (6 credits - II sem. - OP  |  SECS-P/01) - CLAPI (6 credits - II sem. - OP  |  SECS-P/01) - CLEFIN-FINANCE (6 credits - II sem. - OP  |  SECS-P/01) - CLELI (6 credits - II sem. - OP  |  SECS-P/01) - ACME (6 credits - II sem. - OP  |  SECS-P/01) - DES-ESS (6 credits - II sem. - OP  |  SECS-P/01) - EMIT (6 credits - II sem. - OP  |  SECS-P/01)
Course Director:
DONATO MASCIANDARO

Classes: 31 (II sem.)
Instructors:
Class 31: DONATO MASCIANDARO


Course Objectives

The depth and breadth of the financial crisis motivates a reconsideration of financial regulation and within that the role of the central banks. The course analyzes the evolution of regulation and supervision of banking and financial markets with specific attention to Europe and US in order to identify main features, causes and effects. Regulation is considered as the outcome of interaction between the demand for rules, which responds to public needs, and the supply of regulation and supervision, which depends from the cost and benefits analysis of politicians, regulators and central bankers. The methodology uses recent results from economics, institutional and empirical analysis.


Course Content Summary

Part I: Central Banking and Supervision

  • Monetary Policy, Banking and the Financial Crisis of 2008
  • Public Goals. Lobbies, Politicians and Supervisors
  • A Special Supervisor: the Central Bank
  • Supervision: Theory and Institutions
  • Supervision: Empirical Analysis

Part II: Regulation

  • Regulation and the market mechanism in finance
  • Re-regulation after the crisis: technical and political issues
  • Monetary and financial macro-prudential rules

Detailed Description of Assessment Methods

Written exam


Textbooks

Textbooks will be available online starting from the beginning of the lessons.

Last change 30/03/2011 12:00