Master VWL Winter 2015/16  

International Finance

Lecturer: Prof. Dr. Gunther Schnabl
Tutor: Sophia Latsos
Start: 8.10.2015
Date: Tuesday, 11:00 - 12:30
Room: SR 2 (I121)
Language: English
Module: International Economics
Module Number: 07-202-1102
Credits: 10 ECTS, Exam
Erasmus Students: Special Rules Apply

Contents and Slides

0.Introduction to Module, Term Paper, Topic Assignment (THURSDAY), 11.15, Room SR6 (I129)08.10.2015
1.Currency Markets13.10.2015
2.Choice of Exchange Rate Regime20.10.2015
3.Interest Rate Parity and Purchasing Power Parity 27.10.2015
4.Other Exchange Rate Models03.11.2015
5.Balassa Samuelson-Effect10.11.2015
6.Monetary and Fiscal Policies in an Open Economy17.11.2015
7.Determinants of the Current Account and the Balance of Payments24.11.2015
Guest Speaker: Steffen Orben, Deutsche Bank and Deutsche Börse, "2015: The Impact of Central Banks on Financial Markets", 17.15, Room SR124.11.2015
8.Capital Flows, Growth and Economic Development01.12.2015
9.Credibility and Currency Crisis08.12.2015
10.Gold Standard, Bretton-Woods-System, Currency Boards15.12.2015
11.Foreign Exchange Intervention and International Policy Coordination05.01.2016
12.Currency Baskets 12.01.2016
Questions and Answers; Room tba26.01.2016
Written Examination Sample Exam and Sample Exam in "Basics in Economic Science"10.02.2016

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: 18.05.2016