The lecture International Finance takes place this winter semester.
Professor: Prof. Dr. Gunther Schnabl
Tutor: Alexander Herborn
Start: 17.10.2023
Date: Tuesday, 11:15 - 12:45
Room: Seminarraum 5 - I127 I1.004
Language: English
Course: International Economics
Course Number: 07-202-1102
Credits: 10 ECTS, written exam and term paper
Structure and Course Material
| Lecture | Date | |
|---|---|---|
| Presentation and Distribution of Seminar Topics | 10.10.2023 | |
1. | 17.10.2023 | |
| 2. | 24.10.2023 | |
3. | Interest Rate Parity and Purchasing Power Parity | 07.11.2023 |
4. | Other Exchange Rate Models | 14.11.2023 |
5. | 21.11.2023 | |
6. | Monetary and Fiscal Policies in an Open Economy | 28.11.2023 |
| 7. | Determinants of the Current Account | 05.12.2023 |
8. | 12.12.2023 | |
| 9. | Credibility and Currency Crisis | 19.12.2023 |
10. | 09.01.2024 | |
11. | Foreign Exchange Intervention and International Policy Coordination Time: 10:45 - 12:15 | 16.01.2024 |
12. | Currency Competition | 23.01.2024 |
13. | Questions and Answers | 30.01.2024 |
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 Literature
- 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).