Explore

Monetary Policy in the Asia Pacific

Approx. 9 hours to complete

Save Course

Go to Course

Course Summary

This course provides an in-depth understanding of monetary policy in the Asia-Pacific region. You will learn about the roles and functions of central banks, the transmission mechanisms of monetary policy, and the challenges faced in implementing effective policies.

Key Learning Points

Gain a comprehensive understanding of monetary policy in Asia-Pacific
Learn about the roles and functions of central banks
Understand the challenges faced in implementing effective policies

Learning Outcomes

Understand the roles and functions of central banks
Learn about the transmission mechanisms of monetary policy
Gain knowledge on the challenges faced in implementing effective policies

Prerequisites or good to have knowledge before taking this course

Basic understanding of economics
Familiarity with financial markets

Course Difficulty Level

Intermediate

Course Format

Self-paced
Online

Similar Courses

Monetary Policy in Emerging Markets
Macroeconomic Management in Resource-Rich Countries

Related Education Paths

Notable People in This Field

Managing Director of the IMF
Former Governor of the Reserve Bank of India

Related Books

Description

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 course is for learners with some background information on monetary 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

Outline

Monetary Policy Implementation
Welcome to Monetary Policy in the Asia Pacific
Monetary Policy Framework
1.0 Monetary Policy Implementation Overview
1.1 Central Banks
1.1 Central Banks Concept Check
1.2 Interbank Interest Rates
1.2 Interbank Interest Rates Concept Check
1.3 Liquidity Preference Model
1.3 Liquidity Preference Model Concept Check
1.4 Open Market Operations
1.4 Open Market Operations Concept Check
1.5 Operational Target
1.5 Operational Target Concept Check
1.6 Interest Rate Corridor
1.6 Interest Rate Corridor Concept Check
1.7a Money Markets Expectations Theory Part 1
1.7b Money Markets Expectations Theory Part 2
1.7 Expectations Theory Concept Check
1.8 Monetary Policy Implementation Summary
Course Outline
Assignments and Grading
Asia-Pacific Central Banks
Suggested Reading List for Monetary Policy Implementation
News articles for Interest Rate Corridor Case
Quiz 1 - Monetary Policy Implementation

Monetary Policy Strategy
2.0 Monetary Policy Strategy Overview
2.1a Inflation and Real Rates Part 1
2.1a Inflation and Real Rates Concept Check
2.1b Inflation and Real Rates Part 2
2.1b Inflation and Real Rates Concept Check
2.2 Benefits of Price Stability
2.2 Benefits of Price Stability Concept Check
2.3 Causes of Inflation Volatility
2.3 Causes of Inflation Volatility Concept Check
2.4 Monetary Policy Transmission
2.4 Monetary Policy Transmission Concept Check
2.5 Inflation Targeting Structure
2.5 Inflation Targeting Structure Concept Check
2.6 Inflation Targeting: Conduct
2.6 Inflation Targeting: Conduct Concept Check
2.7 Unconventional Monetary Policy
2.7 Unconventional Monetary Policy Concept Check
2.8 Monetary Policy Strategy Summary
Suggested Reading for Monetary Policy Strategy
News articles for Inflation Targeting Case
Quiz 2 - Monetary Policy Strategy

Monetary Policy and Exchange Rates
3.0 Monetary Policy and Exchange Rates Overview
3.1 Exchange Rate Volatility
3.1 Exchange Rate Volatility Concept Check
3.2 Balance of Payments Model
3.2 Balance of Payments Model Concept Check
3.3 Floating Exchange Rates
3.3 Floating Exchange Rates Concept Check
3.4 Interest Parity
3.4 Interest Parity Concept Check
3.5 Inflation Stabilization
3.5 Inflation Stabilization Concept Check
3.6 Foreign Exchange Intervention
3.6 Foreign Exchange Intervention Concept Check
3.7 Fixed Exchange Rates
3.7 Fixed Exchange Rate Concept Check
3.8 Monetary Policy & Exchange Rates Summary
Suggested Reading for Monetary Policy and Exchange Rates
News articles for US Rate Tightening Case
Quiz 3 - Money Markets and Monetary Policy

Bringing it all together
4.0 Bringing it all together overview
4.1 Basket Peg and Singapore
4.2 Currency Controls in China
Monetary Policy in the Asia Pacific Course Wrap-up
Suggested Reading
Please rate the course! :)
Final Exam
Tell us what you think of this course!

Summary of User Reviews

Read reviews for the Monetary Policy in Asia Pacific course on Coursera. Users have praised the course for its insightful lectures and practical applications. Overall, the course receives positive feedback from users.

Key Aspect Users Liked About This Course

Insightful lectures

Pros from User Reviews

Practical applications of concepts
Engaging and knowledgeable instructors
Clear and concise course materials
Flexible schedule allows for self-paced learning

Cons from User Reviews

Some users found the course content to be too basic
Limited opportunities for interactive learning
Not suitable for those without prior knowledge of economics

Recommended for you

U.S. Public Policy: Social, Economic, and Foreign Policies

Learn about public policy in America and the dynamics of American politics. Public policy puts laws into action. How religion and politics have been a persistent source of conflict...

Save Course

Ecosystem Services: a Method for Sustainable Development

Ecosystem services are a way of thinking about – and evaluating – the goods and services provided by nature that contribute to the well-being of humans....

Save Course