Monetary Policy in the Asia Pacific from Coursera

Watch the introduction video to the course here: https://youtu.be/U7dQzqtIFVg

The Asia-Pacific region contains some of world’s most dynamic economies. Economies around the globe rely on credible monetary policy implemented by central banking institutions. Monetary policy governs the liquidity available to the payment systems that underlie trade and finance. Smooth adjustment of liquidity can minimize instability in money and foreign exchange markets and keep inflation and growth on a secure footing. The industrial giants of China, Japan, and Korea; the Southeast Asian emerging markets of Indonesia, Malaysia, Philippines, and Thailand; and the international entrepots at Hong Kong and Singapore each face unique challenges in implementing liquidity policy.

This course is for learners with some background information on monetary policy. This advanced course will build a foundation for understanding liquidity policy implementation in the Asia-Pacific using standard economic models. The course will discuss the effects of high level discussion of a key element of national level public policy, monetary policy. Modern monetary policy connects macroeconomic conditions and key financial market indicators. It will also analyze the way that central bank goals for macroeconomic stability will determine outcomes in interest rates and exchange rates. The rigorous theoretical foundation should also build analytical skills that might be applied to policy and market analysis in a broad range of economies and even in the Asia-Pacific region as policy-making evolves in the future.

The topics covered each week:

Module 1 - Monetary Policy Implementation

Module 2 - Monetary Policy Strategy

Module 3 - Exchange Rates and Monetary Policy

After taking this course and going through the interactive activities, you will be able to:

(1) Describe Monetary Policy instruments central banks use

(2) Interpret on-going actions of central banks

(3) Apply graphical analysis and calculate basic economic measures used as tools by central banks or analysts

(4) Analyze the way that central bank goals for macroeconomic stability will determine outcomes in interest rates and exchange rates

What's inside

Syllabus

Monetary Policy Implementation

Welcome to the first module! This module will focus on the microeconomics of monetary policy implementation. We study how the central bank balances supply against demand in liquidity markets to target the key interest rate on interbank lending and influence money markets.

Monetary Policy Strategy

Welcome to Module 2! This module will focus on the macroeconomics of monetary policy strategy. We study the how (and why!) the central bank sets monetary policy in response to business cycle conditions in order to achieve a smooth and predictable inflation target.

Monetary Policy and Exchange Rates

This module will focus on the various interactions between monetary policy and exchange rates. We study how monetary policy affects the balance of supply and demand in foreign exchange markets and policies required to stabilize the relative value of domestic currency

Bringing it all together

Welcome to the final exam module! This module discusses regional approaches to exchange rate stabilization in Singapore and China. This supplementary material should help you tie together the application of concepts from the previous modules. However, only materials from Modules 1-3 will be directly covered in the final exam.

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Examines exchange rates and monetary policy, which is relevant to trade imbalances and currency stabilization

Describes monetary policy's effects on money and foreign exchange markets

Builds an understanding of liquidity policy implementation in the Asia-Pacific using standard models

Suitable for learners with basic knowledge in monetary policy

Specifically targets central banking institutions

Taught by David Cook

Reviews summary

Asia pacific monetary policy

Learners largely praise "Monetary Policy in the Asia Pacific" for its engaging assignments, well-structured content, and clear explanations of monetary policy concepts. The useful real-life examples and in-depth explanations of complex topics are also highly valued by learners. Overall, students report that this course is informative, well-paced, and highly recommended for those seeking a better understanding of monetary policy, especially in the Asia Pacific region.

The course is challenging, but learners find it worthwhile.

"More difficult than I expected, but the professor explained everything quite well."

"Monetary policies topic already complicate..."

"This is really amazing!"

The instructor is knowledgeable and engaging.

"The instructor was astoundingly excellent..."

"He made it short and clear"

"The professor explained everything quite well."

The course is well-organized and easy to follow.

"The module was paced appropriately."

"Slides had a clear structure..."

"A composition of the course is perfect and understandable."

The course covers a wide range of topics in great detail.

"The course explained the most important concepts of monetary policy."

"This course explains the macro economics concepts really well with practical data from various economies."

"The contents of this course were really comprehensive."

The course includes numerous real-world examples to illustrate concepts.

"The monetary policy analysis part is wonderful where it combined theory with real-world data application."

"This course provides lots of real life examples in addition to theories."

"An easy way to understend monetary policy in a complex 4-week training session."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Monetary Policy in the Asia Pacific with these activities:

Review High School Math

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Reviewing these topics will help you refresh your foundational mathematical knowledge, which can improve your understanding of concepts in this advanced course.

Browse courses on Statistics

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Review notes and textbooks from your high school math courses.
Work through practice problems on topics such as statistics, algebra, trigonometry, and pre-calculus.
Take online quizzes or practice tests to assess your understanding.

Explore Central Bank Websites

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Following tutorials and exploring websites can help you deepen your understanding of the role and functions of central banks, which is crucial for this course.

Browse courses on Monetary Policy

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Visit the websites of the central banks of the countries covered in the course, such as the Bank of Japan, the Reserve Bank of India, and the People's Bank of China.
Read articles and watch videos on the websites to learn about their monetary policy frameworks.

Practice Interest Rate Calculation

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Practicing interest rate calculations will enhance your understanding of how central banks implement monetary policy, which is a key topic in this course.

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Find practice problems on interest rate calculation online or in textbooks.
Solve the problems using formulas and concepts covered in the course.
Check your answers to ensure accuracy.

One other activity

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Show all four activities

Discussion of Central Bank Policy Shifts

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Engaging in peer discussions can broaden your perspective on central bank policy shifts, leading to a more comprehensive understanding.

Browse courses on Monetary Policy

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Find a study group or online forum for the course.
Discuss the decisions and policy shifts of key central banks and analyze their impact.
Share insights and learn from the perspectives of other participants.

Career center

Learners who complete Monetary Policy in the Asia Pacific will develop knowledge and skills that may be useful to these careers:

Central Banker

Central Bankers are responsible for setting and implementing monetary policy. They use monetary policy to achieve economic goals, such as price stability and full employment. As a Central Banker, you would use the concepts you learn in this course to make monetary policy decisions.

See salaries and explore the career path for Central Banker

Monetary Economist

Monetary Economists study the role of money in the economy. They analyze the effects of monetary policy on inflation, output, and employment. As a Monetary Economist, you would use monetary policy to make economic policy recommendations. This course may be useful for you because it will help you to understand how central banks use monetary policy to achieve economic goals.

See salaries and explore the career path for Monetary Economist

Policy Advisor

Policy Advisors advise policymakers on economic issues. They use their knowledge of economics to analyze the effects of different policies. As a Policy Advisor, you would use monetary policy to make policy recommendations. This course may be useful for you because it will help you to understand how monetary policy affects the economy.

See salaries and explore the career path for Policy Advisor

Investment Banker

Investment Bankers help companies raise capital. They advise companies on mergers and acquisitions. As an Investment Banker, you would use monetary policy to make investment decisions. This course may be useful for you because it will help you to understand how monetary policy affects the financial markets and the economy.

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Risk Manager

Risk Managers identify and assess risks that could affect an organization. They develop and implement strategies to mitigate these risks. As a Risk Manager, you would use monetary policy to assess the risks to an organization's financial performance. This course may be useful for you because it will help you to understand how monetary policy affects the financial markets and the economy.

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Trader

Traders buy and sell financial instruments for their own account or for the account of their clients. They use monetary policy to make trading decisions. This course may be useful for you because it will help you to understand how monetary policy affects the financial markets.

See salaries and explore the career path for Trader

Investment Manager

Investment Managers manage investment portfolios for individuals and organizations. They make investment decisions based on their analysis of the financial markets. As an Investment Manager, you would use monetary policy to make investment decisions. This course may be useful for you because it will help you to understand how monetary policy affects the financial markets.

See salaries and explore the career path for Investment Manager

Financial Consultant

Financial Consultants provide advice to individuals and organizations on financial matters. They may specialize in areas such as investments, retirement planning, or estate planning. As a Financial Consultant, you would use monetary policy to make investment decisions. This course may be useful for you because it will help you to understand how monetary policy affects the financial markets.

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Quantitative Analyst

Quantitative Analysts use mathematical and statistical models to analyze financial data. They develop trading strategies and make investment recommendations. As a Quantitative Analyst, you would use monetary policy to make investment decisions. This course may be useful for you because it will help you to understand how monetary policy affects the financial markets.

See salaries and explore the career path for Quantitative Analyst

Portfolio Manager

Portfolio Managers manage investment portfolios for individuals and organizations. They make investment decisions based on their analysis of the financial markets. As a Portfolio Manager, you would use monetary policy to make investment decisions. This course may be useful for you because it will help you to understand how monetary policy affects the financial markets.

See salaries and explore the career path for Portfolio Manager

Financial Planner

Financial Planners help individuals and families plan for their financial future. They provide advice on investments, retirement planning, and estate planning. As a Financial Planner, you would use monetary policy to make investment decisions. This course may be useful for you because it will help you to understand how monetary policy affects the financial markets.

See salaries and explore the career path for Financial Planner

Financial Analyst

Financial Analysts use their knowledge of economics and finance to make sound judgments about the value of investments. They provide advice to individuals and organizations on how to invest their money. As a Financial Analyst, you would use monetary policy to make investment decisions. This course may be useful for you because it will help you to understand how monetary policy affects the financial markets.

See salaries and explore the career path for Financial Analyst

Economist

Economists study how societies allocate resources. They analyze the economy and forecast its performance. As an Economist, you would study how monetary policy impacts the economy. This course may be useful for you because it will help you to understand how central banks use monetary policy to achieve economic goals.

See salaries and explore the career path for Economist