Ects : 6

Enseignant responsable :

• RICHARD DUTU

Volume horaire : 36

Description du contenu de l'enseignement :

Part 1: On the history of money and banking Part 2: Money creation in the commodity money system and the fiat money system Part 3: Monetary policy in today's fiat money system Part 4: Financial crises and the deficiencies of the current monetary system Part 5: Alternatives to the current monetary system: "free banking" and crypto-currencies Part 6: A deeper look at crypto-currencies and decentralized finance (Defi)

Pré-requis obligatoires :

Undergraduate microeconomics and macroeconomics

Coefficient : Pour le Master 1ère Année - Economie et Finance - Formation Initiale ==> 6 ECTS et Coefficient 2 Pour le Master 1ère Année - Economie et Finance - Formation en Apprentissage ==> 3 ECTS et Coefficient 1

Compétence à acquérir :

Course objective:

 

Learn about:

• the history of money and banking
• the process of money creation by banks and the limits to that process
• the objectives, instruments and actors of monetary policy, both in the euro-zone and in the US, and the money market
• two recent financial/monetary crises (the 2008 financial crisis and the 2010-2015 euro crisis), the responses by central banks and the aftermath
• alternatives to the current monetary system, namely "free banking" and crypto-currencies
• bitcoin, blockchain technology, and decentralized finance (Defi)

Mode de contrôle des connaissances :

One final 2-hour closed-book exam.

Bibliographie, lectures recommandées

In class.