The course deals with the main institutional and policy alternatives for governing money and the financial system in advanced economies. In the context of more than a decade of severe financial and economic crises, significant macroeconomic policy responses thereto, a new centrality of central banks, changing global equilibria, and digital technology disruption, it discusses the present and future of money, its legal and economic concepts, the alternatives between the public and private provision of money, and digital currencies. It analyses central banks, their organization, governance, functions, independence, and accountability, with a comparative focus on the European Central Bank, the United States Federal Reserve, and the Bank of England. It debates the main aspects and the relation between the essential policies governing money and the financial system: internal and external monetary policies, financial macro- and microprudential policies, and crisis management.