- Docente: Laura Bottazzi
- Credits: 10
- SSD: SECS-P/01
- Language: Italian
- Teaching Mode: Traditional lectures
- Campus: Bologna
- Corso: Second cycle degree programme (LM) in Economics and Economic Policy (cod. 8420)
Learning outcomes
The aim ofthe course is to introduce students to the main arguments discussed in international economics. At the end of the course students are expected to know both the theoretical and the empirical literature on currency crises, capital flows, equilibrium of the balance of payments and sovereign debt.
Course contents
After a short introduction of the main theorems in international trade and monetary economics the course will discuss the following topics:
1. inflows of capital from/towards less develped and industrialized countries
2. saving and investment: the Feldstein-Horioka puzzle
3.international risk sharing
4. the three generations of currency crises
5. liquidity crises and their real effect
6. economic crises and income distribution
Readings/Bibliography
there is no reference book.
For some initial topics the following book is suggested but not compulsory:
P.Krugman e M.Obsyfeld, " International Economics 1 and 2 " , 2009
Maurice Obstfeld and Alan Taylor, Global Capital Markets: Integration, Crisis and Growth, Cambridge University Press,2004
Teaching methods
the course will be taught using papers taken from international journals
Assessment methods
There will be a written examination at the end of the course.
Teaching tools
During the course slides will be distributed to help the understanding ofthe papers discussed in class
Office hours
See the website of Laura Bottazzi