Course Code
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This course examines the basic workings of the financial system and the main issues in monetary policy, primarily in developing countries. Emphasis will be on understanding the issues relating to interest rates, the tools of monetary policy, and the role of the Central Bank, in the conduct of monetary policy. The general economics and the structure of the financial system are also highlighted. Furthermore, the main monetary and financial issues confronting the CARICOM region as a whole are examined. For example, possible monetary union, intra-Caribbean investment and exchange rate systems are discussed.
