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Department of Economics and Finance
This course surveys a number of important topics in monetary theory. A few topics such as the implementation of monetary policy in New Zealand draw heavily on microeconomics. The lectures cover topics ranging from asymmetric information in credit markets to the term structure of interest rates. The topical nature of the course is brought out by a discussion of the causes and consequences of currency crises, foreign exchange market intervention, and the recent drive towards currency unions.
Subject to approval of the Head of Department.