EC 445 Senior Seminar in International Finance

Kirsten Wandschneider Ph.D.

Assistant Professor of Economics and IPE

Periodically, I will post lecture notes and handouts on this page. I will not do so for every class.

WEEK 1

February 8: Introduction: What is International Finance? Quiz

February 10: Open Economy Macroeconomics (updated!) (PPT file)

WEEK 2

February 15: Balance of Payments (PPT file)

February 17: Policy Debate: Does the US government budget deficit present a risk for global financial stability?

WEEK 3

February 22: Class will be held in the Library. Brenda Ellis will give you an introduction to the main databases and search engines that you might want to use for your research paper.

February 24: Interest Parity and Efficiency of Global Capital Markets (PPT file)

WEEK 4

March 1: Money and Exchange Rates

March 3: Purchasing Power Parity (PPT) Student Presentation

WEEK 5

March 8: Empirics and Problems of PPP Student Presentation

March 10: Aggregate Demand in an Open Economy (PPT) Student Presentation

WEEK 6

March 15: Asset Market and Open Economy Equilibrium (see PPT for March 10th)

March 17: Research Paper: Proposal Defense

March 23/25: Spring Break

WEEK 7

March 29: Exchange Rate Regimes and Foreign Exchange Intervention (PPT)

March 31: Exchange Rate Regimes: Options, Pros and Cons Student Presentation

WEEK 8

April 5: MIDTERM EXAM IN CLASS!

April 7: International Financial Crises: An Introduction to Currency Crises - Student Presentation

WEEK 9

April 12: Currency, Debt and Banking Crises - Analysis and Origins - Student Presentation

April 14: Case Study on Currency Crises (to be distributed in class) and a brief review of the International Monetary System

WEEK 10

April 19: Optimum Currency Areas and the European Experience - Case Study on Ireland (to be distributed in class)

April 21: Public Lecture 4.30-6pm RAJ

APRIL 24 BY 5 PM: E-MAIL THE DRAFT OF YOUR RESEARCH PAPER TO ME AND TO YOUR STUDENT REVIEWER!

WEEK 11

April 26: The Importance of Capital Controls

April 28: Macroeconomic Policy and Coordination

WEEK 12

May 3: No Class - Individual meetings on research papers

May 5: Wrap-Up and Review

May 7: 1-6pm MINI CONFERENCE: RESEARCH PAPER PRESENTATIONS


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