Master VWL Winter 2016/17  

International Finance

Lecturer: Prof. Dr. Gunther Schnabl
Tutor: David Herok
Start: 11.10.2016
Date: Tuesday, 11:15 - 12:45
Room: SR 1 
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 Assignment06.10.2016
1.Currency Markets11.10.2016
2.Choice of Exchange Rate Regime18.10.2016
3.Interest Rate Parity and Purchasing Power Parity 01.11.2016
4.Other Exchange Rate Models08.11.2016
Speech: Hubert Tenmmeyer (Deutsche Bundesbank)
Topic: Was sind die Aufgaben des Internationalen Währungsfonds (IWF)?
Location: Deutsche Bundesbank (Str. des 18. Oktober 48)
Time: Wednesday, 9th November 2016, 6pm
5.Balassa Samuelson-Effect15.11.2016
6.Monetary and Fiscal Policies in an Open Economy22.11.2016
7.Determinants of the Current Account and the Balance of Payments06.12.2016
8.Capital Flows, Growth and Economic Development14.12.2016
9.Credibility and Currency Crisis20.12.2016
10.Gold Standard, Bretton-Woods-System, Currency Boards10.01.2017
11.Foreign Exchange Intervention and International Policy Coordination17.01.2017
12.Currency Baskets 24.01.2017
Questions and Answers; 13:15-14:45, Room SR 326.01.2017
Written Examination; 13:00-14:30, Room HS 1Sample Exam and Sample Exam in "Basics in Economic Science"08.02.2017


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: 31.10.2018