This course deals with one of the most important segments of economic globalization – financial liberalization and its impact on the efficiency of economic policy.

-           Financial repression versus financial liberalization – pros and cons

-           Financial liberalization and the need for supranational regulation

-           Financial innovations and their role in the modern financial industry

-           Financial liberalization and the transmission mechanism of monetary policy

-           The relevance of  Minsky’s financial instability hypothesis and the need for global financial coordination