回 | 項目 | 内容 |
第1回 | Financial Intermediaries | The role of asset allocation of financial intermediaries (Chapter 11) |
第2回 | Market failure | Information asymmetries and Information cost
(Chapter 11) |
第3回 | Japan's depository institutions and bank management | Balance sheet of commercial banks, bank risk in Japan (extra material, also refer to Chapter 12) |
第4回 | Japan's Financial Industry Structure | Banking and nondepository institutions in Japan (extra material, also refer to Chapter 13) |
第5回 | The Lehman Shock and the Role of Regulations | The regulation of financial system in the US before and after the Lehman Shock; Japan's regulatory agencies; the reaction of Japanese and other countries' central banks (Chapter 14+ Extra) |
第6回 | Central Banks | Monetary policy and financial stability of central banks (Chapter 15) |
第7回 | The structure of central banks | The structure of the BoJ's balance sheet, money supply process (also the Fed and the ECB; Chapter 16 & 17) |
第8回 | Money creation process | How central banks create "money" in financial system (Chapter 17) |
第9回 | Financial Stability and Macroprudential policy | Stabilizing role of central banks (Chapter 18) |
第10回 | Conventional and Unconventional monetary policy (1) | Taylor rule; zero-interest rate; quantitative easing (Chapter 18, Chapter 20, 21); Quantitative easing tapering (extra material) |
第11回 | Conventional and Unconventional monetary policy (2) | Quantitative easing (Chapter 18); Tapering of Quantitative Easing (extra material) |
第12回 | Unconventional monetary policy in Japan | The effect of unconventional monetary policy in Japan (Extra material) |
第13回 | Central Bank and Exchange Rate Policy (1) | Different exchange rate policies and pros/cons (Chapter 19) |
第14回 | Different Exchange Rate Regimes | Extra reading |
第15回 | Review for the final exam | We'll review the major concepts we will have learnt in the class |