Online programme: Money, New Means of Payment and Central Banks

Steve Hanke is a Professor of applied economics and founder and co-director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at the Johns Hopkins University.

Geoffrey Wood has lectured in Economics at the University of Warwick and in Banking and Finance at City University, London, where he has been Professor since 1986.

Forrest Capie is Professor Emeritus of Economic History at Bayes Business School, City University, London.

George Selgin is Senior Fellow and Director Emeritus of the Cato Institute's Center for Monetary and Financial Alternatives.

Pedro Schwartz is “Rafael del Pino Professor” in the Department of Economics at Camilo José Cela University in Madrid and visiting lecturer at the University of Buckingham.

 

 

This final module considers central bank digital currencies. Are they are threat to freedom? Where is the demand for them? Will they ever work?

 

Course Material: The course includes a comprehensive series of specialised readings and video interviews with distinguished economists to guide you through the development of new methods of payment, their likely evolution in the years to come and their relationship to more conventional means of payment. The authors and speakers include Professors Forrest Capie (Bayes Business School), Geoffrey Wood (University of Buckingham) and Kevin Dowd (University of Durham) along with Charles Goodhart (formerly Bank of England and LSE), Lawrence H White (George Mason University, USA) and Brandon Davies (formerly of Barclays), who will explain the reasons for the emergence of new methods of payment, their limitations and their relevance to both central and commercial banks.

Assessment: You will be required to complete a series of multiple choice questions at the end of each lecture. You will have two attempts to answer all questions correctly. A score of 70% or more must be achieved to ensure a pass mark. The final grade will be determined by a 2,500 word essay to be submitted at the end of the course in which you will demonstrate your understanding of the course content and your ability to apply them to real life economic scenarios.

Delivery and support: The course will be entirely delivered on an educational portal online, where you will have access to video lectures and the learning material needed to go through each lecture’s content.