What Is Monetary Policy Coordination - The Great Courses

This course explores the importance of monetary policy coordination in the global economy. By studying real-world examples like the 2008 interest rate reduction, learners will understand the necessity of central banks acting together to prevent economic crises. The course covers concepts such as the Prisoners Dilemma Game, Policy Coordination Game, and Cooperative Game, shedding light on the fragility of coordination in the international monetary system. The intended audience for this course includes individuals interested in banking, economics, and global financial systems. The teaching method involves presenting theoretical frameworks alongside practical examples to illustrate the significance of coordinated monetary policies.