BANK 302: Money & Banking: (3-0-3) The subjects of the course are monetary policy including the goals of monetary policy, the choice of policy instruments, the rule-versus-discretion debate, central bank credibility, arguments for and against central bank independence, and the interplay between the central bank and financial markets. The course looks specifically into the monetary policy process and the operation of the Federal Reserve and the European Central Bank, the regulation and supervision of the financial system, and the internationalization of financial markets. (Prerequisite BANK 201)