|Course ID:||ECON 8620. 3 hours. |
|Course Title:||Monetary Economics II|
|The evolution and workings of commodity and flat-monetary regimes, with discussions of alternative regimes, discretionary central bank behavior, and externality, natural monopoly, and time-consistency issues in money and banking.|
|Oasis Title:||MONETARY ECON II|
|Offered every year. |
|Grading System:||A-F (Traditional)|
The course will focus on the workings of alternative monetary institutional
arrangements, the ultimate aim being that of determining what sorts of arrangements
are most capable of contributing towards economic stability and growth.
Commodity Money: Origins
Commodity Money: Workings
The Evolution of a Free Banking System
Money Supply under Free Banking
Free Banking: Historical Episodes
Private Fiat Money?
The Origins of Central Banking
The Need for a Lender of Last Resort
Central Banks as Bureaucracies
The Political Business Cycle
Alternative Fiat-Money Rules
Monetary Policy for an Open Econmy: Fix or Float?
Alternatives to Central Banks