Master VWL WS 2011/12  

International Finance

Dozent: Prof. Dr. Gunther Schnabl
Tutor: Björn Urbansky
Termin: Dienstag, 09.15 - 10.45 Uhr
Beginn: 11.10.2011
Unterrichtssprache: Englisch
Ort: Seminarraum 1, Institutsgebäude (I119)
Leistungsnachweise: Klausur
Erasmus Students: Rules

Contents and Slides

1.

Currency Markets

11.10.2011

2.

Choice of Exchange Rate Regime (11:15 - 12:45, SR 4)

14.10.2011

3.

Interest Rate Parity and Purchasing Power Parity

25.10.2011

4.

Other Exchange Rate Models

01.11.2011

5.

Balassa Samuelson-Effect

08.11.2011

6.

Monetary and Fiscal Policies in an Open Economy

15.11.2011

7.

Determinants of the Current Account and the Balance of Payments (11:15 - 12:45, S 202)

23.11.2011

8.

Capital Flows, Growth and Economic Development

29.11.2011

9.

Guest Speaker: Thomas Mayer (Chefvolkswirt; Deutsche Bank), "Von der Kreditblase zur Staatsschuldenkrise" (Seminarraum 2/13:15 - 14:45 Uhr)

02.12.2011

10.

Credibility and Currency Crisis

13.12.2011

11.

Gold Standard, Bretton Woods System, Currency Boards

20.12.2011

12.

Foreign Exchange Intervention and International Policy Coordination

10.01.2012

13.

Currency Baskets

17.01.2012

14.

Questions and Answers

24.01.2012

Written Examination

08.02.2012

References

The readings are provided on the lecture slides. Students are encouraged to follow the ongoing debate on international finance and exchange rate policies as reported in Frankfurter Allgemeine Zeitung, Financial Times (German or English edition), the Economist (for weekly updates) or Auszüge aus Presseartikeln of Deutsche Bundesbank (free subscription available at the Pressezentrum of Deutsche Bundesbank).

Basic Readings
Copeland, Laurence (2008): Exchange Rates and International Finance, Harlow.
De Grauwe, Paul (1996): International Money, Oxford.
Eichengreen, Barry (1996): Globalizing Capital: A History of the International Monetary System, Princeton.
Kindleberger, Charles (2000): Manias, Panics and Crashes, New York.
McKinnon, Ronald (1997): The Rules of the Game: International Money and Exchange Rates, Cambridge (Massachusetts).


letzte Änderung: 17.01.2012