International Money and Banking

University College Dublin

Course Description

  • Course Name

    International Money and Banking

  • Host University

    University College Dublin

  • Location

    Dublin, Ireland

  • Area of Study

    Economics, International Economics

  • Language Level

    Taught In English

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • ECTS Credits

    5
  • Recommended U.S. Semester Credits
    2.5 - 3
  • Recommended U.S. Quarter Units
    3.75 - 4.5
  • Overview

    This module focuses on central banks, monetary policy and the role of the banking system in the economy. It is
    organised in five sections.
    1. Banks, Financial Intermediation and Central Banks

    How banks operate, why they are important, what central
    banks are, how they create money, the relationship between money and inflation and how central banks control
    short-term interest rates.

    2. Financial Crises and Banking Regulation

    How banking crises come about, policies to prevent and deal with
    crises.

    3. How Central Banks Affect the Economy

    The term structure of interest rates, default risk and collateral,
    asset prices, effects of real interest rates on consumption and investment, liquidity traps.

    4. The Limits to Monetary Policy and Central Bank Strategy

    Inflation and the Phillips curve, central bank
    institutions, goals and strategies, rules for setting interest rates.

    5. Exchange Rate Regimes and the Euro

    The trade-off between control of interest rates and exchange rates, optimal currency areas, the future of the
    euro.

Course Disclaimer

Courses and course hours of instruction are subject to change.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.

ECTS (European Credit Transfer and Accumulation System) credits are converted to semester credits/quarter units differently among U.S. universities. Students should confirm the conversion scale used at their home university when determining credit transfer.

Please reference fall and spring course lists as not all courses are taught during both semesters.

Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.