The financial system plays an integral part in a modern economy. This unit revises key definitions and measures and uses them to examine recent developments in money, banking and financial markets. It incorporates financial market behaviour into a standard model of the macroeconomy which is then used to examine the effects on economic performance of financial shocks and financial regulations. Some emphasis is given to the genesis of, and the policy responses to, the Asian and global financial crises. -- Course Website
Prerequisites: ECON2234 Macroeconomics: Policy and Applications (or equivalent) or any Level 2 Finance unit; for pre-2012 courses: ECON1102 Macroeconomics: Money and Finance (or equivalent)
