This is a lecture course that draws from the fields of Finance and Macroeconomics. It is strongly recommended that students take Global Economic Environment II either prior to or concurrently with this course but this term it will not be required. In future terms, GEE II will be a required prerequisite or corequisite for B8351.The course is intended to help students understand the role that financial markets and monetary policy play in the global economic environment that they will have to face in the future. It also provides an understanding of the underlying institutions, both political and
economic, that either make financial markets work well or that interfere with the efficient performance of these markets. The course develops a series of applications of principles from finance and economics that explore the connection between financial markets, monetary policy and the macro economy. In addition, it will focus on many public policy issues and examine how the most important players in financial markets, central banks, operate and how monetary policy is conducted. The course will have a strong international orientation by examining monetary policy in many countries and possible reforms of the international financial system. We will also focus
on current events reported in the financial press with an extensive discussion of 20-30 minutes in every class of current economic events and will use the analytic frameworks developed in class help us to understand these developments.
Alfred Lerner Professor of Banking and Financial Institutions
Frederic S. Mishkin is the Alfred Lerner Professor of Banking and Financial Institutions at the Graduate School of Business, Columbia University. He is also a Research Associate at the National Bureau of Economic Research, and from September 2006 to August 2008 was a member (governor) of the Board of Governors of the Federal Reserve System. He has also been a Senior Fellow at the FDIC Center...