MA Money, Governments and Central Banks (by Research) (Research)

This research-based online MA programme gives students the knowledge and skills to think critically about practical problems faced by banks, central banks and other financial institutions – essential for anyone hoping to pursue a career in this sector. Co-ordinated by Dr Gabriel Stein and Professor Juan Castaneda, it is particularly relevant given the changes in banking, monetary policy and financial markets since the Global Financial Crisis and Covid-19.

The main focus of the programme is to prepare students for a career in banking and central banking, as well as giving them skills suitable for employment in research departments, macroeconomic consultancy and specialised media. The programme emphasises the importance of high quality monetary and banking analysis, enabling students to identify policies compatible with stable economic growth and financial stability over the long term through expert knowledge of monetary economics and monetary policy, risk management and financial institutions.

The programme includes a series of online seminars (see below), given by respected guest speakers from academia and the professional world. Their expertise in fields that include money and banking, bank regulation and monetary policy analysis will provide key background information that will complement students’ own research towards their final dissertation project.

Collaboration with the Institute of International Monetary Research provides further opportunities to engage in academic and research webinars, where students will learn from top academics and professionals with vast experience in monetary economics.

Assessment will consist of an essay, a research proposal and a master’s dissertation of not fewer than 15,000 words on a topic of the student’s choosing, which is completed under the guidance of a supervisor and submitted at the end of the academic year.

Course Highlights
Discover the effect of monetary policy decisions on asset and CPI prices and the business cycle over the medium and long term.
You will be able to use monetary data to anticipate changes in CPI inflation and in interest rates over the business cycle.
Use economic and financial history to better understand the current problems affecting the economy, and in particular central banks’ policy options and commercial and investment banks’ decisions.
You will be able to assess central banks’ main monetary strategies and analyse their policy bias.
Learn from top academics and professionals with vast experience in monetary economics.