BUAD 6107 - Money, Banking and Financial Markets

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The intertwined goals of this course are to (1) develop a strategic-level understanding of the economics of the financial sector as a whole, including interest rates and exchange rate determination, money creation by central banks, the operations of banks and the payments system, and (2) develop in-depth knowledge of how some of the largest individual money/financial markets function, what financial services and products these markets offer, and how these products might be of value to the corporations and investors. The key financial markets analyzed in this course are the money markets including both the commercial and shadow banking systems, the foreign exchange markets and the role of banks as broker-dealers, public and private bond placement, the mortgage markets, and interest rate swaps. Among the financial institutions, we examine are the two most important central banks, U.S. Federal Reserve and the European Central Bank, large commercial banks, money market mutual fund companies, and foreign exchange market makers.