Global Financial Markets and Monetary Po

This seminar will focus on key topics in international finance and monetary theory, with particular attention to the relationship between monetary policy and financial markets. Central banks play a significant role in shaping global financial markets, but financial markets can, in turn, influence central banks and monetary policy. Understanding the feedback effects between the two is essential for both market participants and policymakers. The course covers the relationship between financial conditions and monetary policy; yield curves, term premia, and the real equilibrium interest rate; exchange rates, inflation, and central bank credibility; energy prices and supply shocks; and the recent resilience of emerging markets to higher global policy rates.

Each weekly session will integrate theory, empirical research, and case studies. Sessions will begin with a brief overview by the instructor, followed by a class discussion based on the assigned readings. Students are expected to be well prepared and to participate actively. Some sessions will also include brief student presentations.