Lecture Notes and Short Texts in Monetary Economics
"Explains how the US Department of Treasury finances government spending and how the US Federal Reserve System conducts monetary policy both during times of normalcy and during economic crises." Stand-alone text with interactive graphs and occasional self-test questions, plus cross-references to the CORE textbooks.
Hosted by the Gower Institute for Modern Money Studies, these sheets give Modern Monetary Theory overviews of topics including the history of money and role of the Bank of England, often with links to related videos. Each sheet can be downloaded as a PDF.
Article from May 2018 on the credit creation theory of banking, explaining credit money and seigniorage in simple terms. It was inspired by a paper issued by the Bank of England in 2018 which "recognises the credit creation theory of banking as a useful theory for understanding the process of money creation".
Thirteen-page document, covering "What is monetary policy?" and "How does the central bank choose the interest rate?" including a section on quantitative easing
This course page supports a course on international monetary economics as taught by Olivier Jeanne at Johns Hopkins University in 2010. It presents theory and applies it towards gaining an understanding of recent events and current policy issues. The theory presented in this course covers a broad range of topics including exchange rate determination, monetary and fiscal policy in an open economy (that is, and economy that trades goods and assets with the rest of the world), balance of payments crises, the choice of exchange rate systems, and international debt. These theoretical frameworks enable the discussion of topics such as the current global financial crisis, global financial imbalances, the Chinese exchange rate regime, and proposed changes in the international financial architecture. It includes a course syllabus, lectures notes / slides and exam papers. The site is no longer online, so the link is to the Web Archive's copy.
Eleven files shared in PDF format as part of the TRUE project.
