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B016437 - INTERNATIONAL AND FINANCIAL ECONOMICS
Main information
Teaching Language
Course Content
Suggested readings
Prerequisites
Teaching Methods
Type of Assessment
Academic Year 2016-17
Coorte 2015 - Second Cycle Degree in ECONOMICS AND DEVELOPMENT
Course year
Second year - Second Semester
Belonging Department
Economics and Management (DISEI)
Course Type
Single education field course
Scientific Area
SECS-P/01 - ECONOMICS
Credits
6
Teaching Hours
48
Teaching Term
27/02/2017 ⇒ 01/06/2017
Attendance required
No
Type of Evaluation
Final Grade
Course Content
show
Lectureship
Teaching Language
English
Course Content
The following topics shall be discussed: - the efficient markets approach; - the monetary approach to the Balance of Payments and the portfolio balance approach; - the exchange rate regimes and the "fear of floating" debate; - the Balassa-Samuelson effect and the persistence of the deviations from the PPP; - the recent (excess) foreign exchange reserve policy of central banks; the theory of rational speculative bubbles; - the recent financial crises and the literature on contagion.
Suggested readings (Search our library's catalogue)
- Giulio Cifarelli: Corso di Economia Internazionale Finanziaria. Parte I°. Analisi del Tasso di Cambio Nominale, Firenze, 2004.
- Mark .P. Taylor: Exchange-Rate Behavior under Alternative Exchange-Rate Arrangements, in Understanding Interdependence,
The Macroeconomics of the Open Economy, P.B. Kenen (ed.), Princeton University Press, Princeton, 1995, pp. 34-83.
- Giulio Cifarelli and Giovanna Paladino (2006): The International Reserves Glut: Is It for Real?, Studi e Discussioni n. 142, Dipartimento di Scienze Economiche, Università di Firenze (available on the Social Science Research Network).
- Stephan Reitz and Franz Westerhoff (2007): Commodity Price Cycles and Heterogeneous Speculators: A STAR GARCH Model, Empirical Economics, 33, 231-244.
Additional readings
Barry Eichengreen: Capital Flows and Crises, The MIT Press, Cambridge, Mass. 2004, chapters 6-7-8-9.
- Mark .P. Taylor: Exchange-Rate Behavior under Alternative Exchange-Rate Arrangements, in Understanding Interdependence,
The Macroeconomics of the Open Economy, P.B. Kenen (ed.), Princeton University Press, Princeton, 1995, pp. 34-83.
- Giulio Cifarelli and Giovanna Paladino (2006): The International Reserves Glut: Is It for Real?, Studi e Discussioni n. 142, Dipartimento di Scienze Economiche, Università di Firenze (available on the Social Science Research Network).
- Stephan Reitz and Franz Westerhoff (2007): Commodity Price Cycles and Heterogeneous Speculators: A STAR GARCH Model, Empirical Economics, 33, 231-244.
Additional readings
Barry Eichengreen: Capital Flows and Crises, The MIT Press, Cambridge, Mass. 2004, chapters 6-7-8-9.
Prerequisites
A preliminary knowledge of Macroeconomis and of Econometrics is strongly recommended.
Teaching Methods
24 two-hours lectures
Type of Assessment
A written examination.