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as of 6/30/2022

FINANCIAL CRISIS AND MONETARY POLICY
Country - Partner Institution - Programs: Japan - Hitotsubashi University - Tokyo - 'Hitotsubashi University'
UC Course SubjectEconomics
Number & Suffix: 129
Full UC Title: FINANCIAL CRISIS AND MONETARY POLICY 
Transcript Title: FIN CRISIS & POLICY 
UC QTR Units - Division: 3.0 - Upper Division 
Course Description: This course provides basic knowledge regarding the recent global financial crisis, the worst economic crisis since the Great Depression in the 1930s, which started in 2007. The course provides understanding of what happened, what were the root causes of the crisis, and what kind of lessons could be learned from the experiences. In this connection, Japan's experiences after the burst of asset price bubbles in 1990s and 2000s is reviewed. The course covers broad topics such as supervision of financial institutions, monetary policy, regulation of financial markets and market infrastructure, and macro prudential policy. Special emphasis is placed on unconventional monetary policy measures introduced by major central banks after the crisis, especially the Bank of Japan's QQE (Quantitative and Qualitative Easing) with negative interest rate and yield curve control. In addition, new global financial regulations which have been introduced after the crisis, such as Basel, are discussed in detail. Assessment: Class participation (30%), final paper (70%). 
Language of Instruction: English
 
Partner Title: JAPANESE ECONOMY A: FINANCIAL CRISIS AND MONETARY POLICY 
Partner University Department: Global Education Program 
Partner University Course Number: