Educational objectives: The course aims to provide advanced knowledge on economic and financial issues relating to the monetary economy. 1) Knowledge and understanding; at the end of the course the student will have to demonstrate that they have understood the main issues of international monetary economics (money, exchange rates, crises, innovations and policy and regulatory measures). 2) Applying knowledge and understanding; The student must be able to read and interpret papers and books on advanced financial economics, as well as evaluate their empirical and methodological contents. 3) Autonomy of judgment (making judgments); At the end of the course, the student will be able to independently read papers and books on advanced financial economics, implementing critical analysis in research. 4) Communication skills; Knowledge of the general part and of the special topics of the course will allow the student to acquire the technical language of the subject allowing them to effectively deal with the discussion of the topics covered 5) Ability to learn (learning skills). At the end of the course, the student will be able to undertake, even independently, subsequent in-depth studies regarding the topics addressed.
The course is divided into two compulsory parts: a. monetary policy and economics; exchange rate policy and economics; b. special topics in international monetary economics (Financial Literacy, Cryptocurrencies, Pandemic Economics). Classes will be in Italian.
Enrolled students should attend classes and present during the class a written and oral synthesis of one out of the special topics (group assignment). The presentation should be sent to prof. Oldani (firstname.lastname@example.org) 3 days before the presentation. The file of the presentation can be PPT or Latex. Information, manuals and software are available at https://www.latex-project.org/ The final exam in Italian will be oral on the entire program (i.e., textbook, all special topics); the class presentation will weight 30 per cent of the final mark. Students who do not attend classes and/or don't present any special topic will have their final exam on the program, including all special topics. At the completion of this course, students will be able to: 1. Read an advanced paper in economics 2. Comment on economic and monetary theory 3. Present and discuss research in monetary economics
Reference for the first part is the Textbook by P. Krugman M. Obstfeld M. Melitz, Economia Internazionale, vol. 2 Economia Monetaria Internazionale, Pearson, chapters 4, 8, 9, 10, 11; Masciandaro D. 2018 Central banks and Monetary Policy. Economics and Politics. BAFFI Carefin Paper https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3178576 D. Mugge 2019 The Revenge of Political Arithmetick, FickleFormulas Working Paper 2/2019 https://t.co/VhVpfTpLmU
References for the second part (available in the Moodle folder) are: 1. PANDEMIC ECONOMICS AND FINANCE: Maffettone Oldani 2020; Oldani Vanni 2020 CEPR https://cepr.org/content/covid-economics-vetted-and-real-time-papers-0 European Unione https://ec.europa.eu/info/live-work-travel-eu/coronavirus-response_en Imperial College https://www.imperial.ac.uk/mrc-global-infectious-disease-analysis/covid-19/ 2. FINANCIAL LITERACY LoPrete 2018; Lusardi, Mitchell, Curto 2010; Lusardi, Mitchell, 2014; Lusardi AER 2015; 3. CRYPTOCURRENCIES: Carney 2019; Halaburda et al 2020; Masciandaro et al E-currencies; Oliver Wyman Cryptocurrencies; Sockin and Xiong 2020;
Dates of beginning and end of teaching activities
A project evaluation
Objectives of the course
Università degli Studi della Tuscia - Rettorato, Via S.M. in Gradi n.4, 01100 Viterbo, ITALY - Tel. 0761.3571