Master VWL Winter 2019/20  

International Finance

Lecturer: Prof. Dr. Gunther Schnabl
Tutor: Nils Sonnenberg
Start: 22.10.2019
Date: Tuesdays, 11:15 - 12:45
Room: SR 6
Language: English
Module: International Economics
Module Number: 07-202-1102
Credits: 10 ECTS, Exam

Contents and Slides

0.Presentation of the Seminar Topics15.10.2019
1.Currency Markets22.10.2019
2.Choice of Exchange Rate Regime29.10.2019
3.Interest Rate Parity and Purchasing Power Parity 05.11.2019
4.Other Exchange Rate Models12.11.2019
5.Balassa Samuelson-Effect19.11.2019
6.Monetary and Fiscal Policies in an Open Economy26.11.2019
7.Determinants of the Current Account03.12.2019
8.Capital Flows, Growth and Economic Development10.12.2019
9.Credibility and Currency Crisis17.12.2019
10.Gold Standard, Bretton Woods System, Currency Boards
Gastvortrag Dr. Ludger Schuknecht (OECD Deputy Secretary-General): "Wirtschaftspolitische Herausforderungen für Deutschland in der Europäischen Union", Raum: SR2 (I 121).20.01.2020
11.Foreign Exchange Intervention and International Policy Coordination28.01.2020
12.Currency Baskets 04.02.2020
Questions and Answers04.02.2020
Written Examination (Sample Exam)12.02.2020


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: 24.01.2020