© 12 Jan. 2010
Like a joke, man;)

Welcome to the Money and Banking class web-page for the spring semester of 2010! You can find the syllabus here and the course schedule here.

My office hours will be right before and after each lecture, on Wednesdays from 08:30 to 09:00, and from 12:30 to 13:00. 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 for you:
Lecture 1.1 slides: Why study money, banking and financial markets?
Lecture 1.2 slides: An overview of the financial system and the financial instruments
Lecture 2.1 slides: What is money?
Lecture 2.2 slides: Understanding interest rates
Lecture 3.1 slides: The behavior of interest rates
Lecture 3.2 slides: Changes in equilibrium interest rates
Lecture 4.1 slides: Money market equilibrium
Lecture 4.2 slides: Money supply and interest rates
Lecture 5.1 slides: Basics of banking
Lecture 5.2 slides: General principles of bank management
Lecture 6.1 slides: Managing risk in banking
Lecture 6.2 slides: Understanding banking as an industry
Lecture 6.2: 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.
Week 7: Midterm Exam
A Practice Midterm exam. Suggested solutions to the practice exam
Lecture 8.1 slides: Financial development and economic growth. Financial crises
Lecture 8.2 slides: Cases of financial crises. A snapshot at the Global Economic Crisis of 2008-2009
Lecture 9.1 slides: The structure of the central bank: the FED and the CNB
Lecture 9.2 slides: The ECB. The EMU. Advantages and disadvantages of the Euro
Lecture 10.1 slides: The tools of monetary policy
Lecture 10.2 slides: Goals and conduct of monetary policy
Lecture 11.1 slides: Transmission mechanisms of monetary policy
Lecture 11.2 slides: Exchange rates
Lecture 11.3 slides: Revision lecture
Week 12: Final Exam
A Practice Final exam. Suggested solutions to the practice exam


Optional material:
Lecture 14.1 slides: Explaining changes in exchange rates
Lecture 14.2 slides: Exchange rate targeting and currency boards
Lecture 15.1 slides: Monetary and inflation targeting
Lecture 15.2 slides: Money and inflation
Additional practice questions: Divine intervention (from The Economist, March 27, 2008)

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