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Online Course

Monetary Policy in the Asia Pacific

The Hong Kong University of Science and Technology via Coursera

Overview

Watch the introduction video to the course here: https://youtu.be/U7dQzqtIFVg

The Asia-Pacific region contains some of world’s most dynamic economies. Economies around the globe rely on credible monetary policy implemented by central banking institutions. Monetary policy governs the liquidity available to the payment systems that underlie trade and finance. Smooth adjustment of liquidity can minimize instability in money and foreign exchange markets and keep inflation and growth on a secure footing. The industrial giants of China, Japan, and Korea; the Southeast Asian emerging markets of Indonesia, Malaysia, Philippines, and Thailand; and the international entrepots at Hong Kong and Singapore each face unique challenges in implementing liquidity policy.

This advanced course will build a foundation for understanding liquidity policy implementation in the Asia-Pacific using standard economic models. The course will discuss the effects of high level discussion of a key element of national level public policy, monetary policy. Modern monetary policy connects macroeconomic conditions and key financial market indicators. It will also analyze the way that central bank goals for macroeconomic stability will determine outcomes in interest rates and exchange rates. The rigorous theoretical foundation should also build analytical skills that might be applied to policy and market analysis in a broad range of economies and even in the Asia-Pacific region as policy-making evolves in the future.

The topics covered each week:

Module 1 - Monetary Policy Implementation
Module 2 - Monetary Policy Strategy
Module 3 - Exchange Rates and Monetary Policy

After taking this course and going through the interactive activities, you will be able to:

(1) Describe Monetary Policy instruments central banks use
(2) Interpret on-going actions of central banks
(3) Apply graphical analysis and calculate basic economic measures used as tools by central banks or analysts
(4) Analyze the way that central bank goals for macroeconomic stability will determine outcomes in interest rates and exchange rates

Syllabus

Monetary Policy Implementation
-Welcome to the first module! This module will focus on the microeconomics of monetary policy implementation. We study how the central bank balances supply against demand in liquidity markets to target the key interest rate on interbank lending and influence money markets.

Monetary Policy Strategy
-Welcome to Module 2! This module will focus on the macroeconomics of monetary policy strategy. We study the how (and why!) the central bank sets monetary policy in response to business cycle conditions in order to achieve a smooth and predictable inflation target.

Monetary Policy and Exchange Rates
-This module will focus on the various interactions between monetary policy and exchange rates. We study how monetary policy affects the balance of supply and demand in foreign exchange markets and policies required to stabilize the relative value of domestic currency

Bringing it all together
-Welcome to the final exam module! This module discusses regional approaches to exchange rate stabilization in Singapore and China. This supplementary material should help you tie together the application of concepts from the previous modules. However, only materials from Modules 1-3 will be directly covered in the final exam.

Taught by

David Cook

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Reviews

5.0 rating, based on 10 reviews

Start your review of Monetary Policy in the Asia Pacific

  • Anonymous

    Anonymous completed this course.

    The course introduced the basic knowledge about monetary policy with very sufficient real-world cases as examples. It is easy to understand and worth taking as the length of the course is perfect.
  • Jacky Lo
    The best course I ever attended online and in the real world! I work in FX desk in an investment bank and find this course really helpful, especially the course provides lots of real life examples in addition to theories. The instructor explains difficult concepts very clearly and quiz are provided to enhance student's understanding. Look forward to other courses by Prof David Cook!
  • Anonymous

    Anonymous completed this course.

    I am very grateful to coursera, with The Hong Kong University of Science and Technology, for the opportunity to study and enrich my career, for the scholarship, I recommend the course in all its fullness, the teacher, the videos, images are clear, one hundred percent approvable.
    thanks Coursera
  • Anonymous

    Anonymous completed this course.

    This course giving me a lot of time for reading .The course introduced the basic knowledge about monetary policy with very sufficient real-world cases as examples. It is easy to understand and worth taking as the length of the course is perfect.
  • Anonymous

    Anonymous is taking this course right now.

    It is very useful for our studies and also it is very also for learning something new and improve our knowledge and it is very use to follow and complete the task and the video giving more information and knowledge.
  • Anonymous
    I learnt a lot from this course. It has deepened my understanding on Monetary policies. The videos were so explanatory and explicit. I also love the calculation aspect of this course, it has really help that part of me
  • Anonymous

    Anonymous completed this course.

    Great course for anyone interested in Monetary Policy in the Asia Pacific region. But a helpful if you already have a basic understanding of economics before attempting the course.
  • Anonymous
    Wonderful course. Explains indentationwhar should be learned and it’s very interesting Walahi you people should take the course the course makes sense very much.
  • Anonymous

    Anonymous is taking this course right now.

    It's useful one for student and placement too it's very easy to follow and completing the task and video and audio was very clear and clearity was excellent
  • Anonymous
    It was helpful and very educative, I enjoyed every bit of the lectures videos and the quiz were quite tough but helpful

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