EC4332



Money and Banking II

Topics include recent developments in monetary theory and policies, rational expectations, demand for money-econometric analysis and empirical studies, the role of money in general equilibrium, a framework for the determination of money supply, issues in monetary policy such as money neutrality, rules versus discretion, policy credibility, exchange rate determination, monetary policy co-ordination, theories of interest rate determination and structure, credit rationing, issues in bank management, financial markets and instruments, bank regulations, internationalization of banking, and monetary policy and foreign exchange management in Singapore.

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