| as of 6/30/2022 |
FINANCIAL CRISIS AND MONETARY POLICY |
| Country - Partner Institution - Programs: | Japan - Hitotsubashi University - Tokyo - 'Hitotsubashi University' |
| UC Course Subject | Economics |
| 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
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| Partner Title: | JAPANESE ECONOMY A: FINANCIAL CRISIS AND MONETARY POLICY |
| Partner University Department: | Global Education Program |
| Partner University Course Number: | |