ENSAE Paris - École d'ingénieurs pour l'économie, la data science, la finance et l'actuariat
ENSAE Paris - École d'ingénieurs pour l'économie, la data science, la finance et l'actuariat
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Economics of banking and financial markets

ECTS:
2

Course Hours:
12

Tutorials Hours:
0

Language:
French

Examination Modality:
written exam

Objective

This course proposes to study the basic concepts of monetary and financial analysis, to describe the main characteristics of the French financial system and finally to present the foundations of monetary policy. The aim is to help the students gain a better understanding of current monetary and financial issues.

 

Planning

  1. Financial assets and the currency
  2. Money creation in a closed economy
  3. Interest rates
  4. The value of a financial asset
  5. Financial intermediaries
  6. The financial markets
  7. Exchange rates and the foreign exchange market
  8. Exchange rate systems and the international monetary system
  9. The characteristics of the French financial system
  10. The ESCB and the implementation of monetary policy

 

References

  • Couppey-Soubeyran, J. (2015), « Monnaie, banques, finance », Presses universitaires de France, 3ème édition.
  • de Bandt, O., Drumetz, F., et Pfister, C. (2013), « Stabilité financière », De Boeck.
  • Mishkin, F., Bordes, C., Lacoue-Labarthe, D., Leboisne, N., et Poutineau, J.-C. (2013), « Monnaie, banque et marchés financiers », Pearson, 10ème édition.
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