Global Dollar System

The dollar is unique in that it is the currency of the United States, but also widely used throughout the world. This course sketches out the reach of the dollar, offers reasons why the dollar is so dominant, and discusses its implications. The global dollar system makes the Fed the de facto central bank of the world, and directly transmits Fed policy throughout the world. Case studies: 2008 Fed Swap Lines, Dollar strength and inflation, Eurodollar Banking.

Foreign Exchange

The FX market is a major asset class and one that directly impacts the financial and real economy. Global investors take into account FX changes when making investments, and real economy actors react to changes in their import and export prices. This class describes a number of academic and investor perspectives on what drive FX, and pays special note to the large role the government plays in influencing FX prices. Case studies: East Asian Currency Crisis, Sri Lanka Balance of Payments Crisis, Swiss Un-Peg 2015, the Safe Haven Yen.

Global Central Banks

Central banks are each gods of the market, so it is important to study each of the major central banks. They can also be predictable, which creates investment opportunities. This course discusses the mandates and tools of ECB, BOJ, and PBOC. Case Studies: Draghi's "Whatever it takes", Yield Curve Control, RMB Shock Devaluation, BOE Pension Crisis.

Course curriculum

    1. Foreign Exchange

    1. Global Dollar System

    1. Global Central Banks

About this course

  • $80.00
  • 3 lessons
  • 2.5 hours of video content