Course Syllabus
The Author: Prof. Perry Mehrling
Course Number
Title (Polish) / Rola pieniądza w światowej gospodarce
Title (English) / Understanding Global Money
BA / MA / BA, MA
Part A
Short Description of the Course(up to 400 characters):
This course examinesfinancial globalization through the lens of the money market. The central question is how the global money system connects up with the various local public money systems, and how thoseconnections differ between the centre and the periphery. This question concernshow the system is backstopped and managed by national authorities, such as central banks or multilateral institutions.
Part B
Course Aims:
The aim of the course is to help understand theprofessional discourse about the current operations of global money markets. Moreover, one of the most important objectives of the course is to comprehend the institutional structure of the dollar money markets, their connection to capitalmarkets, and the mechanisms of central bank control.
Part C
Classes Outline: / Up to 5 key words referring to each class
  1. Why is money difficult1

  1. Why is money difficult 2

  1. Origins of Current Orthodoxy

  1. History of Money and Finance

  1. The Money View 1

  1. The Money View 2

  1. History of Shadow Banking

  1. Present and Future of Shadow Banking

  1. Understanding Global Money 1

  1. Understanding Global Money 2

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Basic Literature:
  1. Mehrling, Perry. 2016. Financial Economics.Handbook on the History of Economic Analysis, Elgar.
  2. Mundell, Robert. 1971. Monetary Theory: Interest, Inflation and Growth in the World Economy, Goodyear Publishing Co.

Supplementary Literature:
  1. Borio, Claudio. 2014. The international monetary and financial system: Its Achilles Heel and what to do about it. Bank for International Settlements, Working Paper #456.
  2. James, Harold. 1996. International Monetary Cooperation Since Bretton Woods, Oxford.
  3. Allen, William A. 2013. International Liquidity and the Financial Crisis, Cambridge.

Own publications of the Author:
  1. Mehrling, Perry. 2016. Discipline and Elasticity in the Global Swap Network.International Journal of Political Economy 44 No. 4: 311-324.
  2. Mehrling, Perry. 2016. Beyond Bancor.Challenge.
  3. Mehrling, Perry. 2000. Minsky and Modern Finance, The case of Long Term Capital Management. Journal of Portfolio Management 26 No. 2: 81-88.
  4. Mehrling, Perry et al. 2014. Bagehot was a Shadow Banker: Shadow Banking, Central Banking, and the Future of Global Finance.

Part D
Earlier Courses Required to sign up(if needed):
ECTS Points: 2
In what form the classes will be given / Number of hours
Lecture / 10
Exercises / 10
Conversatory
Laboratory
Trening
Individual work plus e-learning
E-learning
Other
Structure of the final grade (100%), including:
Written Exam
Test Exam
Oral Exam
Colloquiums
Presentations / 50%
Exercises / 50%