| 回 | 項目 | 内容 |
| 第1回 | Introduction(Ch.1) | (1)The 6 fundamental roles played by the financial system
Money, financial instruments,financial
markets, financial institutions,
regulatory agencies, and central bank
are the fundamental parts of the
financial system. Each of them are
explained briefly.
(2)The 5 core principles of money and
banking
The core principles of money to
understand the financial world are
explained These are based on time,
risk, information, markets and stability. |
| 第2回 | Money and Financial System)Ch.2,3) | (1)Money and Psyments
3 characteristics of money are
explained. Also, different types of
money and payment are discussed.
Finally the definition of money and
its aggregate amount are explained.
(2)Financial Instruments and Financial
Institutions
The definition of financial instrument
is given. Examples of financial
instruments used as store of value and
used to transfer risk are given. |
| 第3回 | Central Banks in the World Today(Ch.15) | (1)Origin and role of Central Bank
The origin of the central bank as the
government bank and its development
after is explained.
(2)Objectives of the central bank
The primary objectives of the central
bank are related with the reduction
of volatility of the economic and
financial system are discussed. |
| 第4回 | Central Banks in the World Today(Ch.15) | (3)Challenge to the Central Bank
The independence and the decision
making of the central bank and its
accountability and credibility are
sidcussed.
(4)Central Banks and Fiscal Policy
Conflicts arising between fiscal and
monetary policymakers even sharing the
same ultimate goal are discussed. |
| 第5回 | The Central Bank and Money Supply(Ch17) | (1)Central Bank's Balance Sheet
The assets and liabilities or the
balance sheet of the central bank
plays an important role in its
operarion of monetary policy.
(2)the Change in its Balance Sheet
The effect of open market operarions
or foregin exchange intervention on
the balance sheet of the xentral bank
is discussed. |
| 第6回 | The Central Bank and Money Supply(Ch.17) | (3)the Deposit Expansion Multiplier
The deposit creation of a bank and its
relation with the deposit or credit
expansion as a whole system is
discussed under the concept of
multiplier.
(4)Monetary Base and Money Supply
Simple formula explaining the relation
between monetary base and money is
explained by the use of multiplier.The
limits of the central bank to control
the quantity of money is discussed. |
| 第7回 | Monetary Policy(Ch.18) | (1)Policy Tool of Federal Reserve and ECB
The different types of policy tools of
the central bank are explained with
the comparison of FRB and ECB.
(2)Link to Objectives
The relationship between operating
instruments, intermediate targets, and
final objectives are explained. |
| 第8回 | Monetary Policy(Ch.18) | (3)The Taylor Rule
The simple rule to explain the
behavior of the central bank called
the Taylor Rule is explained.
(4)Unconventional Policy
The Bank of Japan is the leader in
introduxcing the unconventional
monetary policy. Key concepts such as
quantitative easing in understanding
this policy are discussed. |
| 第9回 | Exchange Rate Policy(Ch.19) | (1)Exchange Rate Policy and Domestic
Monetary Policy
The exchange rate of a country varies
according to the movment of money
market in the shor run and of price
developments in the long run. The
effect od monetary policy on these
short and long run change of exchange
rate are discussed.
(2)Mechanics of Exchange Rate Management
The effects of intervention in the
exchange rate market are explained by
useing the balance sheet of the
central bank.
|
| 第10回 | Exchange Rate Policy(Ch.19) | (3)Costs and Benefits of Fixed Exchange
Rates
The former fixed excahnge rate system
has been changed to a flexible
excahgnerate system. The good and bad
aspecs of fixed rate system are
discussed.
(4)Fixed Exchange Rate Regime
Bretton-Woods system and currency peg
system employed in less developed
countries are expalined. |
| 第11回 | Modern Monetary Policy(Ch.20) | (1)Monetary Aggregates
The relatonship between monetary
aggregates and inflation are discussed.
(2)The Quantity Theory and the Velocity
of Money
The quantity theory of money and the
stability of the velocity of money is
discussed in relation to its
applicability. |
| 第12回 | Modern Monetary Policy(Ch.20) | (3)the Demand for Money
Keyens' analysys of the demand for
money are discussed under the concept
of transactions demand and portfolio
demand.
(4)Targeting Money Growth in a Low-
Inflation Environment
low-inflation or deflation are
popular among industrialized
countries.The effectiveness of
monetary policy in face of unstable
money demand is discussed. |
| 第13回 | Banks ans Bank Management(Ch.12) | (1)Balance Sheet of Commercial Banks
Assets and liabilitirs of commercial
banks characterizing the quality and
creditworthiness of banking businesses
are explained.
(2)Bank Risk
the risks banking busineeses are
facing are explained by using the
concept of liquidity risk, credit
risk, interest-rate risk, and trading
risk etc.. |
| 第14回 | Regulating the Financial System(Ch.14) | (1)The Sources of Crises
Bank runs in the past history is
briefly explained. Illiquidity as the
base of fragility is explained.
(2)Safety Net and Regulation of Financial
System
The role of shadow banks and the
government including the deposit
insurance is discusseed.
Restriction of competition and balance
sheet restrictions like minimum
capital requirements and prudential
regulations are discussed.
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| 第15回 | Examination | Examination for the 1st Semester
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