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Monetary Policy in the Asia Pacific
  • Level Professional
  • Duration 9 hours
  • Course by The Hong Kong University of Science and Technology
  • Offered by

About

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

Modules

Welcome!

    • 1 Videos
    • 2 Readings
    • 1 Discussion
Show info about module content

1 Discussions

  • Meet & Greet!

1 Videos

  • Welcome to Monetary Policy in the Asia Pacific

2 Readings

  • Course Outline
  • Assignments and Grading

Pre-requisite - Monetary Policy Framework

    • 1 Videos
    • 1 Readings
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1 Videos

  • Monetary Policy Framework

1 Readings

  • Asia-Pacific Central Banks

Overview

    • 1 Videos
Show info about module content

1 Videos

  • 1.0 Monetary Policy Implementation Overview

The Central Bank and Interbank Markets

    • 6 Videos
    • 1 Readings
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6 Videos

  • 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 Readings

  • Concept check videos with interactive questions

Central Bank Operations

    • 6 Videos
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6 Videos

  • 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

Monetary Policy Expectations

    • 3 Videos
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3 Videos

  • 1.7a Money Markets Expectations Theory Part 1
  • 1.7b Money Markets Expectations Theory Part 2
  • 1.7 Expectations Theory Concept Check

Summary

    • 1 Videos
Show info about module content

1 Videos

  • 1.8 Monetary Policy Implementation Summary

Suggested Reading (Optional)

    • 2 Readings
    • 1 Discussion
Show info about module content

1 Discussions

  • Philippines Central Bank Discussion - Interest Rate Corridor

2 Readings

  • Suggested Reading List for Monetary Policy Implementation
  • News articles for Interest Rate Corridor Case

Quiz 1 - Monetary Policy Implementation

    • 1 Assignment
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1 Assignment

  • Quiz 1 - Monetary Policy Implementation

Monetary Policy Implementation Discussion

    • 1 Discussion
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1 Discussions

  • I. Monetary Policy Implementation Discussion

Overview

    • 1 Videos
Show info about module content

1 Videos

  • 2.0 Monetary Policy Strategy Overview

Inflation and the Macroeconomy

    • 8 Videos
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8 Videos

  • 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

Using Monetary Policy to Stabilize Inflation

    • 6 Videos
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6 Videos

  • 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

Unconventional Monetary Policy and Japan

    • 2 Videos
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2 Videos

  • 2.7 Unconventional Monetary Policy
  • 2.7 Unconventional Monetary Policy Concept Check

Summary

    • 1 Videos
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1 Videos

  • 2.8 Monetary Policy Strategy Summary

Suggested Reading (Optional)

    • 2 Readings
    • 1 Discussion
Show info about module content

1 Discussions

  • Case Discussion - Philippines Inflation Targeting

2 Readings

  • Suggested Reading for Monetary Policy Strategy
  • News articles for Inflation Targeting Case

Quiz 2 - Monetary Policy Strategy

    • 1 Assignment
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1 Assignment

  • Quiz 2 - Monetary Policy Strategy

Monetary Policy Strategy Discussion

    • 1 Discussion
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1 Discussions

  • II. Monetary Policy Strategy Discussion

Overview

    • 1 Videos
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1 Videos

  • 3.0 Monetary Policy and Exchange Rates Overview

Foreign Exchange Markets

    • 8 Videos
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8 Videos

  • 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

Stabilizing Forex Rates

    • 6 Videos
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6 Videos

  • 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

Summary

    • 1 Videos
Show info about module content

1 Videos

  • 3.8 Monetary Policy & Exchange Rates Summary

Suggested Reading (Optional)

    • 2 Readings
    • 1 Discussion
Show info about module content

1 Discussions

  • Case Discussion - US Rate Tightening

2 Readings

  • Suggested Reading for Monetary Policy and Exchange Rates
  • News articles for US Rate Tightening Case

Quiz 3 - Money Markets and Monetary Policy

    • 1 Assignment
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1 Assignment

  • Quiz 3 - Money Markets and Monetary Policy

Monetary Policy and exchange rates Discussion

    • 1 Discussion
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1 Discussions

  • Monetary policy and exchange rates

Overview

    • 1 Videos
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1 Videos

  • 4.0 Bringing it all together overview

Topics in Foreign Exchange Rates

    • 2 Videos
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2 Videos

  • 4.1 Basket Peg and Singapore
  • 4.2 Currency Controls in China

Summary and Course Wrap-up

    • 1 Videos
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1 Videos

  • Monetary Policy in the Asia Pacific Course Wrap-up

Suggested Reading (Optional)

    • 1 Readings
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1 Readings

  • Suggested Reading

Final Exam

    • 1 Assignment
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1 Assignment

  • Final Exam

Tell us about your experience in this course to help improve future iterations

    • 1 Readings
    • 1 Assignment
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1 Assignment

  • Tell us what you think of this course!

1 Readings

  • Please rate the course! :)

Auto Summary

Explore "Monetary Policy in the Asia Pacific," an advanced course tailored for learners with a background in monetary policy. Focused on the dynamic economies of the Asia-Pacific, this business and management course delves into liquidity policy implementation and its effect on macroeconomic stability. The curriculum, taught by expert instructors on Coursera, spans three modules over 540 minutes, covering strategies, exchange rates, and more. Gain analytical skills to interpret and apply central bank actions and economic measures. Available with Starter and Professional subscriptions, it's perfect for professionals aiming to deepen their understanding of monetary policy in this crucial region.

David Cook
Instructor

David Cook