FMGT 4570 - Money and Banking
Part-time Studies Course
Emphasizes the economic way of thinking by developing a unifying framework to study money, banking and financial markets. This analytic framework uses a few basic economic concepts to organize your thinking about the determination of asset prices, the structure of financial markets, bank management and the role of money in the economy.
ECON 2100 and ECON 2200 Credits
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Upon successful completion, the student will be able to:
Justify why financial intermediaries exist, and assess the role of transaction costs and informational asymmetry in financial systems.
Outline why the relative importance of financial intermediaries and financial markets is different around the world, and how bank-based systems differ from market-based systems.
Analyse how risks affects the return of a risky asset, and hence how risk affects the value of the asset in equilibrium under the fundamental asset pricing paradigms.
Assess whether stock prices reflect all available information, and evaluate the empirical evidence on informational efficiency in financial markets.
Evaluate the main types of risks faced by banks, and use the main techniques employed by banks to manage their risks.
Categorize the key reasons for and against the regulation of banking systems, and evaluate why banks need regulation.
Compare the differences between fixed and flexible exchange rates and the consequences on the workings of monetary policy.
Evaluate the effects of monetary policy in different exchange rate regimes.
Assess the main channels of the monetary transmission mechanism, through which monetary policy have real effects on the economy.
Effective as of Winter 2012
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