Monetary and Financial Framework

1. Monetary Policy and Macroeconomic Theory.
Critically discuss the extent to which uncertainty informs our understanding of monetary
theory and policy.
(50 marks)
2. Financial Crises Frameworks.
Outline a framework for illustrating financial crises, including the theories which explain each
stage.
(50 marks)

3. Monetary Policy Framework.
What are the requirements of an efficient monetary policy framework and how is this related
to financial development: Critically discuss.
(50 marks)

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