Master’s degree in Banking and Finance

Monetary economics

Course code
Name of lecturer
Emanuele Bracco
Emanuele Bracco
Number of ECTS credits allocated
Academic sector
Language of instruction
primo semestre (lauree magistrali) dal Oct 5, 2020 al Dec 23, 2020.

Lesson timetable

Go to lesson schedule

Learning outcomes

The course offers an overview of the main topics in international monetary economics. In particular, we will try to keep a close link between the theories studied in class and the real world (eg. European Monetary Union, The 2008 Financial Crisis,..).


1. An introduction to international macro
2. Nominal and real exchange rate
3. Purchasing power parity
4. Uncovered interest rate parity
5. Monetary economics in open economy
6. Flexible vs fixed exchange rate regimes
7. European Monetary Union
8. The Financial Crisis
9. Market microstructure
10. Monetary regimes in emerging economies

- Slides from the classes, which will be posted on the e-learning platform of the course and the textbook.

Reference books
Author Title Publisher Year ISBN Note
Paul R. Krugman, Maurice Obstfeld, Marc Melitz Economia Internazionale 2: Economia Monetaria Internazionale Pearson 2015

Assessment methods and criteria

There will be a written exam. It will always be possible to take the exam remotely. Further details will be provided closer to the date through the module's Moodle page.

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