View full details in the curriculum handbook
The new Postgraduate Certificate programme in Money, Banking and Central Banking (taught fully online) focuses on the changes in the banking and financial markets during and since the Global Financial Crisis as well as the changes made by major central banks in the running of their monetary policies since then. Particular emphasis will be given to the policy responses given to COVID-19 crisis by governments and central banks and assessing their effects over the medium to the long term.
Banks and central banks play a pivotal role in ensuring that modern monetary economies function soundly. The 2008-09 Global Financial Crisis was a powerful reminder of how important it is to understand their functioning and operations, and the relationship between the quantity of money and the overall economy. The study of these institutions will be essential to assess the impact of the monetary and fiscal policies taken by leading world economies since March 2020.
Unlike any other programme in the UK, ours emphasises the importance of high quality monetary and banking analysis, allowing our students to assess which policies are compatible with stable economic growth and long term financial stability.
Our students will leave with expert knowledge of monetary economics, monetary policy, risk assessment and how financial institutions operate. They will be equipped with the specialised knowledge and skills required for a career in central banking as well as monetary analysis expertise suitable for pursuing a career in consultancy businesses, research departments and specialised media.
The collaboration with the Institute of International Monetary Research will provide more opportunities to engage in academic and research seminars where students will learn from top academics in monetary economics. Students on the programme will be able to benefit from the accreditation on risk management provided by PRMIA, the Professional Risk Managers’ International Association.
View the Money, Banking and Central Banking Brochure.
We offer two entry points, one in September and one in January.
The programme consists of the following modules:
- The Central Bank, The Banking System and the Macroeconomy (15 credits) – Analysing how money is created in modern economies and how changes in the amount of money affect prices and output along the cycle. Autumn term.
- Central Banking (1): History, Strategies and Operations (15 credits) – Learning the theoretical and analytical tools required to understand central bank roles and policy strategies. Winter term.
- Central Banking (2): Monetary Policy and Financial Stability (15 credits) – Identifying how monetary policy is designed and implemented in modern economies. Spring term.
- Banking Risk Management (15 credits) – Learning about bank risk assessment and changes in bank regulation since the Global Financial Crisis. Spring term.
A full timetable for the course is available here
Professional accreditation in risk management
Students will have the option to study for an accreditation in financial risk management with the Professional Risk Managers’ International Association (PRMIA), ideal for those interested in entering the risk management industry and banking.
The programme covers fundamental concepts of the risk management profession and has become a well-known benchmark in this market both in the UK and in the rest of the world.
The teaching staff of our master’s programme will offer extra academic support to the students who opt to take the exam. The PRM certificate course is covered. The exam fee, however, needs the exam fee needs to be covered by those taking the exam.
This certificate will put students seeking a career in the financial and banking services industries at a considerable advantage.
The Institute of International Monetary Research
Established in 2014 in the aftermath of the Great Financial Crisis of 2007-2009, the Institute of International Monetary Research (IIMR) is an educational charity that aims to bring to public attention the strong relationship between the quantity of money on the one hand and inflation and the levels of national income and expenditure on the other.
The Institute is heavily involved in the teaching of the programme. The Institute also produces research in the form of edited volumes and research papers that will inform students about the key debates in academia and financial markets. In addition, IIMR organises research seminars and other specialised events. At these events, students have the opportunity to learn from top academics, regulators and practitioners of monetary economics, both from the UK and overseas. Since Spring 2020, these events are offered online to our students via webinar.
You can visit the IIMR website and find out more about their research and events at
Progress onto the MSc in Money, Banking and Central Banking
Should you wish to continue with the MSc programme in Money, Banking and Central Banking
after completing your programme, you would only need to take three additional taught modules, (1) ‘Financial Analysis and Asset Management’ in the winter term (a 15-unit module) (2) ‘Central Banks in Times of Crisis’ in the spring term (a 15-unit module) and (3) ‘Empirical Techniques and Research Methods’ in the autumn term (30 units in one term). In addition, you will need to write your MSc dissertation (60 units) in the summer term (*), under the supervision of a member of the teaching staff.
(*) If you start the MSc in January, you do not need to submit the dissertation until the end of the autumn term.
Find out more
If you would like to find out more about the course and / or discuss your eligibility, please complete the short form below and we’ll contact you as soon as we can: