Monetary Policy in the Asia Pacific
Central banks balance growth/inflation, manage exchange rates, use rate tools, navigate capital flows, coordinate regional policy.
Central banks balance growth/inflation, manage exchange rates, use rate tools, navigate capital flows, coordinate regional policy.
This course explores monetary policy in the dynamic economies of the Asia-Pacific region. It covers the implementation of liquidity policy, monetary policy strategy, and the interaction between monetary policy and exchange rates. The curriculum provides a rigorous theoretical foundation for understanding how central banks balance liquidity supply and demand, set policy in response to business cycles, and manage exchange rates. Learners will analyze how central bank goals for macroeconomic stability influence interest rates and exchange rates. The course uses standard economic models to build analytical skills applicable to policy and market analysis in various economies. It focuses on challenges faced by major economies like China, Japan, and Korea, as well as emerging markets in Southeast Asia and financial hubs like Hong Kong and Singapore.
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What you'll learn
Describe monetary policy instruments used by central banks
Interpret ongoing actions of central banks
Apply graphical analysis and calculate basic economic measures used by central banks
Analyze how central bank goals for macroeconomic stability determine outcomes in interest rates and exchange rates
Skills you'll gain
This course includes:
5.4 Hours PreRecorded video
5 quizzes
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FullTime access
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There are 4 modules in this course
This course provides an in-depth analysis of monetary policy in the Asia-Pacific region, focusing on three key areas: monetary policy implementation, strategy, and its relationship with exchange rates. The curriculum is designed to give learners a comprehensive understanding of how central banks in dynamic Asian economies manage liquidity, set policy targets, and navigate the complexities of international finance. Through a combination of theoretical frameworks and practical applications, students will explore topics such as interbank interest rates, inflation targeting, and foreign exchange interventions. The course emphasizes the unique challenges and approaches of various Asia-Pacific economies, including major players like China and Japan, as well as emerging markets in Southeast Asia. By the end of the course, learners will have developed analytical skills to interpret central bank actions and understand their impacts on financial markets and macroeconomic stability.
Monetary Policy Implementation
Module 1 · 2 Hours to complete
Monetary Policy Strategy
Module 2 · 2 Hours to complete
Monetary Policy and Exchange Rates
Module 3 · 2 Hours to complete
Bringing it all together
Module 4 · 56 Minutes to complete
Fee Structure
Payment options
Financial Aid
Instructor
Expert in International Macroeconomics at HKUST
David Cook is a Professor of Economics and a Faculty Associate at the HKUST Institute for Emerging Market Studies. He has been a member of the HKUST Department of Economics since 1996, focusing his research on international macroeconomics. Cook has published in reputable journals such as the Journal of Monetary Economics, Journal of International Economics, and the Review of Economics and Statistics. His expertise is further demonstrated through his experience as a visiting scholar at the IMF Institute for Capacity Development and the Bank for International Settlements. Currently, he serves as the Hong Kong editor of the Pacific Economic Review.
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