- Docente: Massimiliano Marzo
- Credits: 6
- SSD: SECS-P/01
- Language: English
- Teaching Mode: Traditional lectures
- Campus: Forli
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Corso:
Second cycle degree programme (LM) in
Economics and management (cod. 9203)
Also valid for Second cycle degree programme (LM) in Business Administration and Sustainability (cod. 5944)
Second cycle degree programme (LM) in Business Administration and Sustainability (cod. 5944)
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from Sep 19, 2023 to Oct 24, 2023
Course contents
- Introduction to the course. Exchange Rate: spot, real, cross rates.Forward and futures.The exchange rate market.
- Arbitrage conditions.Exchange rate risk.Exchange-Rate regimes. The central bank’s balance sheet in open economy.
- Balance of payments. The ‘J’ effect and the pass through effect. The absorption approach to Balance of Payments.
- Economic Policy in Open Economy: the Mundell Fleming model with perfect and imperfect capital mobility. Optimal Currency Areas.
- The monetary approach to balance of payments.
- Purchasing Power Parity.
- Overshooting of Exchange-Rate.
- The portfolio balance approach to exchange-rate determination.
- Balance of Payment Crisis
- Target Zones
Readings/Bibliography
Pilbeam K., “International Finance”, fourth edition, 2014, Palgrave McMillan
Additional readings will be uploaded on Virtuale
Teaching methods
The course is offered on a traditional in-class lecture: there will be 10 class meetings, each of them is 3 hours-long, for a total of 30 hours.
Assessment methods
Written exam in presence. Oral exam is an option only for those who really want to show their knowledge. The starting grade is the written exam's grade: according the the performance showed in the oral session, it is possibile to improve or worsen from the written exam's grade.
Teaching tools
Slides, overheads and additional set of notes (copyrighted) will be distributed via Virtuale.
Office hours
See the website of Massimiliano Marzo