COURSE SYLLABUS The Author: Prof. Perry Mehrling Course Number Rola pieniądza w światowej gospodarce Title (Polish) Understanding Global Money Title (English) BA / MA BA, MA Part A Short Description of the Course (up to 400 characters): This course examines financial globalization through the lens of the money market. The central question is how the global money system connects up with the various local public money systems, and how those connections differ between the centre and the periphery. This question concerns how the system is backstopped and managed by national authorities, such as central banks or multilateral institutions. Part B Course Aims: The aim of the course is to help understand the professional discourse about the current operations of global money markets. Moreover, one of the most important objectives of the course is to comprehend the institutional structure of the dollar money markets, their connection to capital markets, and the mechanisms of central bank control. Part C Up to 5 key words referring Classes Outline: to each class 1. Why is money difficult 1 2. Why is money difficult 2 3. Origins of Current Orthodoxy 4. History of Money and Finance 5. The Money View 1 6. The Money View 2 7. History of Shadow Banking 8. Present and Future of Shadow Banking 9. Understanding Global Money 1 10. Understanding Global Money 2 11. 12. 13. 14. 15 Basic Literature: 1. Mehrling, Perry. 2016. Financial Economics. Handbook on the History of Economic Analysis, Elgar. 2. Mundell, Robert. 1971. Monetary Theory: Interest, Inflation and Growth in the World Economy, Goodyear Publishing Co. Supplementary Literature: 1. Borio, Claudio. 2014. The international monetary and financial system: Its Achilles Heel and what to do about it. Bank for International Settlements, Working Paper #456. 2. James, Harold. 1996. International Monetary Cooperation Since Bretton Woods, Oxford. 3. Allen, William A. 2013. International Liquidity and the Financial Crisis, Cambridge. Own publications of the Author: 1. Mehrling, Perry. 2016. Discipline and Elasticity in the Global Swap Network. International Journal of Political Economy 44 No. 4: 311-324. 2. Mehrling, Perry. 2016. Beyond Bancor. Challenge. 3. Mehrling, Perry. 2000. Minsky and Modern Finance, The case of Long Term Capital Management. Journal of Portfolio Management 26 No. 2: 81-88. 4. Mehrling, Perry et al. 2014. Bagehot was a Shadow Banker: Shadow Banking, Central Banking, and the Future of Global Finance. Part D Earlier Courses Required to sign up (if needed): ECTS Points: 2 In what form the classes will be given Number of hours Lecture 10 Exercises 10 Conversatory Laboratory Trening Individual work plus e-learning E-learning Other Structure of the final grade (100%), including: Written Exam Test Exam Oral Exam Colloquiums Presentations 50% Exercises 50% .