14630 - International Monetary Economics

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. balance of payment equilibrium and disequilibrium

6. liquidity crises

Readings/Bibliography

The following books aresuggeste and 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 and no midterm

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