Presentation

This course will help you gain an understanding of the role of money, banks and financial markets in financing the economy. It will analyse developments in monetary theory, particularly in the Keynesian approach. Monetary policy and central banks will be studied. This course will first discuss the foundations of money in capitalism, before focusing on the creation of money, the financial markets, and providing an introduction to monetary theory, and finally to today’s monetary policy.

Bibliography

• LE HERON Edwin et MOUTOT Philippe, 2008, Les banques centrales doivent-elles être indépendantes ?, Prométhée, collection Pour ou Contre.
• LE HERON Edwin, 2016, À quoi sert la banque centrale européenne ?, La Documentation Française, collection Réflexe-Europe, 2^nde édition, septembre.
• MISHKIN Frederic, 2013, Monnaie, Banque et Marchés financiers, 10^e édition, Pearson Education.

Educational formula

It is necessary to attend every lecture and to read the supporting documents listed on Moodle, on a regular basis.