363-0584-00L  International Monetary Economics

SemesterFrühjahrssemester 2019
DozierendeJ.‑E. Sturm, J. Kingeski Galimberti
Periodizitätjährlich wiederkehrende Veranstaltung
LehrspracheEnglisch


KurzbeschreibungWhat determines the foreign exchange rate in the short- and long-term? What are the effects of monetary and fiscal policy in an open economy? What drives a country's choice of the foreign exchange rate regime and why are some countries more prone to financial crises than others? A number of simple theoretical frameworks will be developed that allow us to discuss recent economic policy issues.
LernzielThe core objective of the course is to develop simple macroeconomic models of open economies that can be usefully applied to international economic phenomena ranging from global financial imbalances, the Chinese exchange rate regime, the European Monetary Union, reform proposals for the international financial architecture, to global financial crises.
SkriptLecture notes will be made available via Moodle.
LiteraturKrugman, Paul, Maurice Obstfeld and Marc Melitz (2019), International Economics, Theory and Policy, 11th Global Edition, Pearson.