This course will study international finance and macroeconomics. The objective is to acquire an understanding of how international financial markets work and how international economic integration affects policy making. We will study exchange rates, international financial flows, monetary and fiscal policies, the consequences of globalization, currency regimes and international financial crises. We will use many examples from the rich history of international finance and financial crises and current events to illustrate how the global economy and national macroeconomic policy interact.
Overview
Syllabus
- Chapter one: The Global Macroeconomy
- Chapter two: Introduction to Exchange Rates and the Foreign Exchange Market
- Chapter three: Exchange Rates I: The Monetary Approach in the Long Run
- Chapter four: Exchange Rates II: The Asset Approach in the Short Run
- Chapter five: National and International Accounts: Income,Wealth, and the Balance of Payments
- Chapter six: Balance of Payments I: The Gains from Financial Globalization
- Chapter seven: The Balance of Payment II: Output, Exchange Rates, and Macroeconomic Policies in the Short Run
- Chapter eight: Fixed versus Floating: International Monetary Experience
- Chapter nine: Exchange Rate Crises: How Pegs Work and How They Break
- Chapter ten: The Euro
Taught by
Huang Xianming, TUYUANFEN, HECHANG, and LIUYI