© 13 March 2010
Like a joke, man;)

Welcome to the Banking and Monetary Policy class web-site for the spring semester of 2010! You can find the syllabus here.

My office hours will be right before and after each lecture, 08:45 to 09:15, and from 13:15 to 13:45, every day during the time the course runs. If you are unable to catch me before or after class, then you can ask me your question related to the lecture by email. All email questions will be addressed either by email, or at the beginning of the next lecture. If I forget to reply, please remind me. Thanks.

Yours,

Stankov

Here are the lecture presentations and the corresponding readings for you:
12 April, 2010: Lecture 1.1 slides: Why study money, banking and financial markets?
12 April, 2010: Lecture 1.2 slides: Financial development and economic growth. Financial crises
12 April, 2010: Lecture 1.3 slides: Cases of financial crises. A snapshot at the Global Economic Crisis of 2008-2009
13 April, 2010: Lecture 2.1 slides: Basics of banking
13 April, 2010: Lecture 2.2 slides: General principles of bank management
13 April, 2010: Lecture 2.3 slides: Managing risk in banking
14 April, 2010: Lecture 3.1 slides: Understanding banking as an industry
14 April, 2010: Lecture 3.2 slides: The structure of the central bank: the FED and the CNB
14 April, 2010: Lecture 3.3 slides: The ECB. The EMU. Advantages and disadvantages of the Euro
15 April, 2010: Lecture 4.1 slides: The tools of monetary policy
15 April, 2010: Lecture 4.2 slides: Goals and conduct of monetary policy
15 April, 2010: Lecture 4.3 slides: Transmission mechanisms of monetary policy
16 April, 2010: Lecture 5.1 slides: Exchange rates
16 April, 2010: Lecture 5.2 slides: Explaining changes in exchange Rates
16 April, 2010: Lecture 5.3 slides: Exchange rate targeting and currency boards, reading: Monetary and inflation targeting
16 April, 2010: Lecture 5.4 slides: Revision lecture


Optional material:
Additional Material: CNB (2005). Banking Supervision in the Czech Republic (2005) - NOT A REQUIRED READING! More statistics and publications on the Czech Banking industry here.

A Practice exam. Suggested solutions to the practice exam
Final Exam
A Practice Final exam. Suggested solutions to the practice exam
Lecture 15.2 slides: Money and inflation
Additional practice questions: Divine intervention (from The Economist, March 27, 2008)
The Economist, 2010: A postmortem on Lehman Brothers
Bernanke, 2010: Semiannual testimony as a FED chairman
John Cassidy 2009 interviews with famous Chicago professors: John Cassidy on economics, money, and more
Levine, 1997: Financial Development and Economic Growth: Views and Agenda
Freedman and Otker 2009: Country Experiences with the Introduction and Implementation of Inflation Targeting
Imam 2009: Introducing the Euro as Legal Tender - Benefits and Costs of Eurorization for Cape Verde
Ceccetti et al. 2009: Financial crises and economic activity
Cerra et al. 2009: International Evidence on Recovery from Recessions
Aghion et al. 2009: CREDIT CONSTRAINTS, CYCLICAL FISCAL POLICY AND INDUSTRY GROWTH
Baldacci et al. 2009: How Effective is Fiscal Policy Response in Systemic Banking Crises?
The Economist, 2008: Wall Street's Bad Dream
Verdier et al., 2010: Firm Productivity, Innovation, and Financial Development

The answers to the asterixed end-of-the-chapter problems from the e-textbook:
Answers to the end-of-the-chapter problems