講義名 Japanese Finance andBankingⅡ ≪◇学部≫
講義開講時期 後期
曜日・時限 金3
単位数 2

担当教員
氏名
露口 洋介

学習目標(到達目標) The goals of the course are to obtain basic knowledge for following matters and to be able to explain how they work.
1. Purpose and functions of central banks including the Bank of Japan.
2. Functions of foreign exchange market and international financial system.
授業概要(教育目的) This course covers the basic theory and knowledge for monetary policy in Japan. Functions of central bank and tools and transmission mechanisms of monetary policy will be explained. The functions of foreign exchange market and international financial systems will be also explained in this course.
授業計画表
 
項目内容
第1回Purpose and function of central bankHistorical development of central bank and key features and functions of the Bank of Japan will be described.
(preparation) Presentation materials for the lecture uploaded on EcoLink should be glanced beforehand.
第2回Tools of monetary policyConventional monetary policy tools such as open market operations, discount lending or reserve requirements will be explained.
(preparation) Presentation materials for the lecture uploaded on EcoLink should be glanced beforehand.
第3回Market operationsMarket operation tools in Japan will be further described.
(preparation) Presentation materials for the lecture uploaded on EcoLink should be glanced beforehand.
第4回Transmission mechanisms of monetary policyThe transmission mechanisms through which monetary policy can affect the real economy will be explained.
(preparation) Presentation materials for the lecture uploaded on EcoLink should be glanced beforehand.
第5回Zero interest rate policy (ZIRP)Japanese experiences of zero interest rate policy will be described and effectiveness of ZIRP will be discussed.
(preparation) Presentation materials for the lecture uploaded on EcoLink should be glanced beforehand.
第6回Quantitative-Qualitative Easing (QQE) with minus interest ratesJapanese experiences of QQE with minus interest rates will be described and its effectiveness will be discussed.
(preparation) Presentation materials for the lecture uploaded on EcoLink should be glanced beforehand.
第7回QQE with yield curve controlJapanese monetary policy called QQE with yield curve control will be described and its effectiveness will be evaluated.
(preparation) Presentation materials for the lecture uploaded on EcoLink should be glanced beforehand.
第8回The foreign exchange marketHow the foreign exchange market works and importance of foreign exchange rate will be explained.
(preparation) Presentation materials for the lecture uploaded on EcoLink should be glanced beforehand.
第9回Determinants of foreign exchange ratesTheories of purchasing power parity and interest rates parity will be explained.
(preparation) Presentation materials for the lecture uploaded on EcoLink should be glanced beforehand.
第10回The international financial systemAdvantage and disadvantage of interventions on foreign exchange markets will be explained. The role of IMF will be discussed.
(preparation) Presentation materials for the lecture uploaded on EcoLink should be glanced beforehand.
第11回Balance of payment and international positionRelationships between two important statistics - balance of payment and international investment position- will be explained.
(preparation) Presentation materials for the lecture uploaded on EcoLink should be glanced beforehand.
第12回Global financial crisis and international financial cooperationCauses and consequences of Asian currency crisis and global financial crisis will be explained.
(preparation) Presentation materials for the lecture uploaded on EcoLink should be glanced beforehand.
第13回International financial cooperationBilateral and multilateral financial cooperation will be described.
(preparation) Presentation materials for the lecture uploaded on EcoLink should be glanced beforehand.
第14回ReviewRecapitulation of classes 1 to 13.
(preparation) Presentation materials for the lecture uploaded on EcoLink should be glanced beforehand.
第15回SummarySumming up of whole course.
授業形式 The main points of lectures are projected on the screen. Additional information will be provided by writing on the board.
評価方法
定期試験 レポート 小テスト 講義態度
(出席)
その他 合計
95% 0% 0% 5% 0% 100%
評価の特記事項 Active class attendance is highly recommended since it will be counted in the evaluation.
テキスト No specific text book will be assigned.
参考文献 The bank of Japan web site: http://www.boj.or.jp/
オフィスアワー(授業相談) After the class on Friday by an appointment.
事前学習の内容など,学生へのメッセージ Students should also take Japanese Finance and Banking Ⅰ in the 1st Semester.