- Docente: Giorgio Bellettini
- Credits: 8
- SSD: SECS-P/01
- Language: Italian
- Teaching Mode: Traditional lectures
- Campus: Bologna
- Corso: First cycle degree programme (L) in Economics and Finance (cod. 0893)
Learning outcomes
The students develop a detailed understanding of the determinants
of exchange rates, balance of payments developments and open
economy macroeconomic policy. Special attention will be devoted to
exchange rate regimes and monetary unions, with strong emphasis on
the euro area.
Course contents
- Some basic concepts in international finance: the balance of payments
- Some basic concepts in international finance: the foreign exchange market
- Spot and forward exchange rates: some more basic issues
- Alternative exchange rate regimes and monetary policy
- Exchange rate determination: the purchasing power parity
- Exchange rates, interest rates and the trade balance
- Economic policies and exchange rate regimes
- The debate on fixed vs. flexible exchange-rate regimes
- The European Monetary Union. Monetary policy and the European Central Bank
- The international role of the euro
- Currency crises
Readings/Bibliography
P. Krugman - M. Obstfeld, International Economics: Theory and Policy, Pearson.
Teaching methods
Class lectures
Assessment methods
The assessment method is a written exam.
Office hours
See the website of Giorgio Bellettini