Monetary Policy and Financial Regulation

Faculteit Economie en Bedrijfskunde
Jaar 2019/20
Vakcode EBM107A05
Vaknaam Monetary Policy and Financial Regulation
Niveau(s) master, uitwisseling
Voertaal Engels
Periode semester II a
ECTS 5
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Uitgebreide vaknaam Monetary Policy and Financial Regulation
Leerdoelen Upon completion of the course the student is able to:
1. Reproduce the ECB’s monetary policy strategy and instruments, and gauge any forthcoming policy decision in the context of the strategy. Understand the global and European financial crisis (2007-2010) and the response of the ECB to this crisis.
2. Advise economic policymakers on the optimal monetary/fiscal/structural policy mix in individual EMU countries.
3. Carry out a comparative analysis of the pros and cons of financial intermediation through relationship banking versus arms’ length market transactions.
4. Decide under which circumstances public policy intervention in the financial sector is warranted from the perspective of asymmetric information and/or systemic risk.
5. Shape the optimal form of financial regulation with the appropriate balance between macro-prudential stability, micro-prudential stability, and consumer protection.
6. Discuss policy implications from the recent financial crisis, for banks’ solvency (Basel II, Basel III) and liquidity risk management.
7. Discuss policy implications from the recent financial crisis, particularly for banks’ solvency (Basel II, Basel III) and liquidity risk management. Discuss European Banking Union.
Omschrijving The course will discuss the following topics: European Economic and Monetary Union and the European System of Central Banks; European monetary policy (conventional and unconventional); global financial crisis; European debt crisis; European Banking Union; supporting policies needed in an incomplete monetary union, financial systems in the Netherlands, Europe, and worldwide; recent developments in the financial system and their mutual relationships; developments in prudential supervision of banks and other financial institutions; financial crises; macro-prudential supervision; systemic risk and financial stability.
Uren per week 2
Onderwijsvorm -gastcollege ,  -hoorcollege
Toetsvorm -schriftelijk tentamen (open vragen)
Vaksoort master
Coördinator prof. dr. J.M. Berk
Docent(en) prof. dr. J.M. Berk , S. Pool, MSc.
Verplichte literatuur
Titel Auteur ISBN Prijs
Articles that will be announced on Nestor Various
Competition and stability in banking 2016, Princeton University Press, Princeton, chapters 2, 3 (exl 3.5), 4.1, 5, 7, 8 (160 pages) Vives, X 9780691171791 €  30,00
The Economics of Monetary Union, 2018, Oxford University Press, Oxford, 12th edition De Grauwe, P. 9780198805229
Entreevoorwaarden Open for all Master students
Opmerkingen Only available on Friday.
Coordinator: Prof. Jan Marc Berk, j.m.berk@rug.nl
Secretary Grietje Pol, phone +31(0)50 3633685, e-mail g.pol@rug.nl, room 5411.0836
Opgenomen in
Opleiding Jaar Periode Type
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MSc Economic Development & Globalization / ED&G  (keuzevak(ken) B MSc ED&G) 1 semester II a keuze
MSc Economics  (keuzevakken A MSc Economics) 1 semester II a keuze
MSc Finance  (keuzevakken B MSc Finance) 1 semester II a keuze
MSc International Business & Management/IB&M  (keuzevakken B MSc IB&M) 1 semester II a keuze
MSc International Financial Management/IFM  (keuzevakken MSc IFM) 1 semester II a keuze
Msc Philosophy, Politics and Economics 1 semester II a keuze