Master VWL Winter 2018/19  

International Finance

Lecturer: Prof. Dr. Gunther Schnabl
Tutor: Nils Sonnenberg
Start: 23.10.2018
Date: Tuesdays, 11:15 - 12:45
Room: SR 1 
Language: English
Module: International Economics
Module Number: 07-202-1102
Credits: 10 ECTS, Exam

Contents and Slides

1.Currency Markets23.10.2018
2.Choice of Exchange Rate Regime30.10.2018
3.Interest Rate Parity and Purchasing Power Parity 06.11.2018
4.Other Exchange Rate Models13.11.2018
5.Balassa Samuelson-Effect20.11.2018
6.Monetary and Fiscal Policies in an Open Economy27.11.2018
7.Determinants of the Current Account and the Balance of Payments04.12.2018
8.Capital Flows, Growth and Economic Development11.12.2018
9.Credibility and Currency Crisis18.12.2018
10.Gold Standard, Bretton Woods System, Currency Boards08.01.2019
Guest Speaker: Prof. Dr. Thomas Mayer (Flossbach von Storch Research Institute) Germany and the Euro 18:00 - 19:30, SR1 15.01.2019
11.Foreign Exchange Intervention and International Policy Coordination22.01.2019
12.Currency Baskets 29.01.2019
Questions and Answers05.02.2019
Written Examination (Sample Exam)13.02.2019


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: 23.10.2019