This module focuses on the economic analysis of the following: (1) the structure and role of financial institutions, (2) tools and conduct of monetary policy, including monetary theory. Topics include the role of money, debt and equity; financial institutions and markets; regulation; financial crises; interest rates; commercial bank operations; the money supply process; theories of money demand; conduct of monetary policy and its role in different macroeconomic frameworks: international role of money; monetary policy in Singapore. As financial activities and events affect our everyday lives, this course should be of interest to a wide variety of students.
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