© 21 May 2008
Like a joke, man;)

Welcome to the Money and Banking class web-page for the spring semester of 2008! You can find the syllabus here. As the course proceeds, you will find things like quizzes and homeworks here, along with their nicely prepared solutions especially for you;) I hope this will enhance your learning process.

My office hours will be right after each lecture, on Tuesdays, from 17:30 to 18:30. If you are unable to stay 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: Why study money, banking and financial markets?
Lecture 1.2: An overview of the financial system and the financial instruments
Lecture 2.1: What is money?
Lecture 2.2: Understanding interest rates
Lecture 3.1: The behavior of interest rates
Lecture 3.2: Changes in equilibrium interest rates
Lecture 4.1: Money market equilibrium
Lecture 4.2: Money supply and interest rates
Lecture 5.1: Basics of banking
Lecture 5.2: General principles of bank management
Lecture 6.1: Managing risk in banking
Lecture 6.2: 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.
Lecture 7: Midterm Break
Lecture 8: Midterm exam. Suggested solutions
Lecture 9.1: Financial development and economic growth. Financial crises
Lecture 9.2: Cases of financial crises
Lecture 10.1: The structure of the central bank: the FED and the CNB
Lecture 10.2: The ECB. The EMU. Advantages and disadvantages of the Euro
Lecture 11.1: The tools of monetary policy
Lecture 11.2: Goals and conduct of monetary policy
Lecture 12.1: Transmission mechanisms of monetary policy
Lecture 12.2: Exchange rates
Lecture 13.1: Explaining changes in exchange rates
Lecture 13.2: Exchange rate targeting and currency boards
Lecture 14.1: Monetary and inflation targeting
Lecture 14.2: Money and inflation
Lecture 14.3: Revision lecture
Additional practice questions: Divine intervention (from The Economist, March 27, 2008)
Lecture 15: Final exam. Suggested solutions

The quizzes:
Quiz 1: Overview of Money and Banking. Answers and comments
Quiz 2: Understanding interest rates, present value, and demand and supply for capital. Answers and comments
Quiz 3: International financial crashes Answers and comments
Quiz 4: The FED and its powers Answers and comments
Quiz 5: The conduct of monetary policy Answers and comments
Quiz 6: Exchange rates Answers and comments
Quiz 7: Inflation Answers and comments

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

Sponsored links:

A BA in economics is
about perseverance
too:)