Boston University School of Law

BK983 Central Banks, Commercial Banks, and Financial Markets

BK 983 ( A1)  R 6:20 PM-8:10 PM 
2 cr., Fall 
Professor Gim 
No Class Website

This course introduces lawyers to the economics of financial markets and institutions. Emphasis is placed on the interaction of commercial banks, the Federal Reserve System, and monetary policy. Other topics include the characteristics of financial instruments (such as Treasury securities, corporate stocks and bonds, and secondary market mortgage-backed securities), how they are priced in the market, the factors determining the level and shape of the Treasury yield curve, and the relationship between commercial banking and the growth of the over-the-counter derivatives market. Course grades will be based on midterm and final examinations, and on written assignments.