International Money and Banking

Lecture notes for the University College Dublin module International Money and Banking (ECON30150) which was taught by Professor Karl Whelan in Autumn 2025.

Lecture Notes

0. Introduction

1. Banks and Financial Intermediation

2. Liquidity and Solvency

3. Central Banks

4. The Fed and the ECB

5. Banking Crises

6. Incentive Problems in Banking

7. Micro-Prudential Banking Regulation

8. Macro-Prudential Policies

9. The Money Supply

10. Monetarism

11. How Central Banks Set Interest Rates: The Federal Reserve

12. How Central Banks Set Interest Rates: The ECB

13. Long-Term Interest Rates

14. More on Long-Term Interest Rates: Term Premia, Risk Primia and Collateral

15. Quantitative Easing

16. The Phillips Curve: Evidence and Implications

17. Real Interest Rates and the Taylor Rule

18. Exchange Rate Regimes and the Euro

19. The Euro Crisis