Students attending and non attending the course have to rely on the following textbook:
Bagliano and Marotta Economia Monetaria ed. Il Mulino last edition.
In addition,sStudents have to rely on the slides prepared by the teacher and on the readings and other material inserted on
the E-Moodle platform of the course, which is accessible to all students.
Learning Objectives
Knowledge: functioning of financial markets with particular attention to the role of monetary policy and its operative procedures; regulation of financial markets with a focus on the banking system; financial crisis and regulatory and political monetary responses; financial governance of the eurozone.
Abilities acquired at the end of the course. At the end of the course, students will have the methogological tools to elaborate original research projects. In particular, the acquired knowledge allows students to update themselves autonomously in the economic-financial area drawing on various bibliographic sources and databases They will also be able to interpret the recent financial crises and monetary policy responses as well as the motivations behind the recent reform of the economic and financial governance of the euro area.
Prerequisites
Students must have completed two introductory courses of macroeconomics and
microeconomics
Teaching Methods
Lectures
Further information
The students have to register for the class on the EMoodle
platform (http://e-l.unifi.it/ ask professor for the password) and
download the material that the teacher will be posting on it.
Particular attention will be given to students with any type of disabilities.
Type of Assessment
Written examination; Open questions.
The final exam is intended to verify the acquisition of learning outcomes. The test is written and consists of two parts each containing three questions. The first set of questions wants to verify the understanding and the ability to apply the concepts acquired in the context of the study of the monetary macroeconomics. The second set is aimed at verifying knowledge in the Microeconomic field and requires the acquisition of specific skills in the use of graphs. Each question is assigned a score between 0 and 5 points. The test is passed if you reach a score of at least 18.
The exam should be carried out in 2 hours of time.
Course program
II. Money, inflation. - III. Central Bank and Barro Gordon model. - IV. Monetary policy strategies. - V. overnight interest rates and the expectation theory. -- VII. Modern micro-theory of benking. - VIII. Diamond and Dybvig model. - IX.Prudential regulation of Banks - X. Monetary Policy transmission. - XI. The eurozone. - XII.Monetary policy after the subprime crisis: reading
Further readings will be suggested by the teacher.