© 12 Feb. 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.

My office hours will be right before and after each class, on Thursday, from 14:15 to 14:45, and from 17:30 to 18:00. 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 class. 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.
Lecture 7.1 slides: Financial development and economic growth. Financial crises
Lecture 7.2 slides: Cases of financial crises. A snapshot at the Global Economic Crisis of 2008-2009
Week 8: Midterm Exam
Week 9: Midterm Break
A Practice Midterm exam. Suggested solutions to the practice exam
Lecture 10.1 slides: The structure of the central bank: the FED and the CNB
Lecture 10.2 slides: The ECB. The EMU. Advantages and disadvantages of the Euro
Lecture 11.1 slides: The tools of monetary policy
Lecture 11.2 slides: Goals and conduct of monetary policy
Lecture 12.1 slides: Transmission mechanisms of monetary policy
Lecture 12.2 slides: Exchange rates
Lecture 13.1 slides: Explaining changes in exchange rates
Lecture 13.2 slides: Exchange rate targeting and currency boards
Lecture 14.1 slides: Monetary and inflation targeting
Lecture 14.2 slides: Money and inflation
Lecture 14.3 slides: Revision lecture
Additional practice questions: Divine intervention (from The Economist, March 27, 2008)
A Practice Final exam. Suggested solutions to the practice exam

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