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Course Description

This course explores the role of the banking and monetary institutions within a modern developed economy, with an emphasis on the United States. (1) We will analyze financial intermediation and the role of banks in the economic system, place them in historical context, and discuss the economic rationale behind banking regulation. (2) We will study the role of money and the Federal Reserve in the U.S. economic and financial system. (3) We will discuss the instruments and goals of monetary policy.
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