Monetary Policy, Regulation and Central Banking

This course presents concepts of regulating the supply and demand of money in the economy. Monetary regulation is an important segment in the economy that has the goal of regulating money relations in order to supply and demand of money. Failures of banks that have bad consequences over the economies, point to the need of regulation which is the responsibility of the central banks.

The central bank, besides regulating the money supply, regulates the operations of banks. As part of this course the monetary regulation in Macedonia and the role and activities of the Central Bank of the Republic of Macedonia will be discussed.

Mandatory literature:

  1. C.E. Valsh: Monetary theory and policy. 2010.
  2. K. Jonson & M. Mrcussen: Central banks in the age of Euro. 2009.
  3. Frederic Mishkin & Stanley Eakins: Financial markets and institutions. 2009