COURSE INFORMATION Course Title: MONETARY STABILITY IN FINANCIAL MARKETS

Code	Course Type	Regular Semester	Theory	Practice	Lab	Credits	ECTS
BAF 436	D	2	3	0	0	3	6

Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature)	NA
Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	Chrysanthi Balomenou
Second Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	NA
Teaching Assistant(s) and Office Hours:	NA
Language:	English
Compulsory/Elective:	Elective
Classroom and Meeting Time:
Course Description:	-
Course Objectives:	The main objective of this course is to teach how to improve students’ academic, analytical and synthetic skills on Monetary Stability in financial markets by providing them all the recent indispensable information and tools focusing on the relevant monetary policy responses and financial stability considerations as far of the ones of the new global economic policies agenda.

COURSE OUTLINE

Week	Topics
1	Introductory remarks
2	Inflation in the Euro area
3	Divergent monetary policies and global capital markets- reflections on European capital markets
4	The ECBs QE program (Preliminary assessment) vs FEDs’ and BoE QE
5	Global risk in an area of negative interest rates
6	Post Brexit effects on global monetary policy and capital markets
7	Price stability versus financial stability and the role of monetary policy
8	Midterm Exam
9	Revisiting Central Bank independence in the area of unconventional monetary policy
10	Inflation targeting: determinants of low inflation on the past decades
11	Emergency liquidity assistance (ELA): Theory and evidence
12	Behind and beyond the yield curve: ECB’s monetary policy impact and exit strategies
13	Net financial assets in the Euro system (comparative studies)
14	Risks and recent prospects for the global economy and capital markets

Prerequisite(s):
Textbook:	Lecturers academic notes (2015-2017)
Other References:	Thomas D. Simpson, Financial Markets, Banking and Monetary policy (2014)
Laboratory Work:
Computer Usage:
Others:	No

COURSE LEARNING OUTCOMES

1	The students develop an understanding on the domains of monetary policy, global capital markets and the economic and monetary union.
2	The students enrich their knowledge on global capital markets focusing on recent developments and future prospects in light of divergent monetary policies and a number of global risks
3	The students expand their knowledge in 2016-2017 performance in the worlds’ major capital markets connecting to the implementation of the relevant monetary policies
4	The students will acquire the appropriate skills for the critical analysis of mainly European Central Bank as well as of FEDs’ monetary policy performance

COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES (Blank : no contribution, 1: least contribution ... 5: highest contribution)

No	Program Competencies	Cont.
Master of Science in Banking and Finance Program
1	The students are gained the ability to look at the problems of daily life from a broader perspective. They gain the needed skills not only to understand economic problems in banking and finance but also to construct a model and defend in meaningful way.	5
2	They have knowledge about the finance and banking.	5
3	They have knowledge about the money and banking.	5
4	They have knowledge about the international finance and banking.	5
5	They have ability to use mathematical and statistical methods in banking and finance.	3
6	They know how to use computer programs in both daily office usage and statistical data evaluations in banking and finance department.	1
7	They have necessary banking and finance skills that needed in private and public sector.	4
8	They are intended to be specialist in one of departmental fields that they choose from the list of general economics, finance economics, public finance, corporate finance, finance management, international finance markets and institutions, banking and central banking, international finance and banking, money and banking, international trade and banking.	4
9	They have ability to utilize fundamental economic theories and tools to solve economic problems in banking and finance.	5
10	They are aware of the fact that banking and finance is a social science and they respect the social perspectives and social values of the society’s ethics.	5

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Midterm Exam(s)	1	30
Term Paper	1	20
Final Exam	1	40
Attendance		10
	Total Percent:	100%

ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)

Activities	Quantity	Duration(Hours)	Total Workload(Hours)
Course Duration (Including the exam week: 16x Total course hours)	16	4	64
Hours for off-the-classroom study (Pre-study, practice)	16	2	32
Mid-terms	1	4	4
Assignments	1	10	10
Final examination	1	8	8
Other	1	7	7
Total Work Load:			125
Total Work Load/25(h):			5
ECTS Credit of the Course:			6