International Money
General Information
| Lecturer: | Dr. Omar Feraboli |
| Lecture: | Monday, 1.45 - 3.15 p.m., in 2/B102 |
| First Lecture: | 2nd April 2012 |
| Courses of Studies: |
Master Economics, Exchange Students (Undergraduates and Postgraduates) |
| Number of Credits: | 5 ECTS |
Course Information
News
|
There are two additional lectures: There will be no lectures on Monday, 18th June and Monday, 25th June! |
Description
|
The use of money made possible the development of the modern economy, both as national and as international level. In other words, money solves the basic problem of a barter economy, i.e. the double coincidence of wants. What are the problems that make the introduction of a common means of payment and unit of account at the international level difficult, and more difficult than at the national level? Basic knowledge of economic theory is prerequisite for understanding the lecture. In order to obtain the course credits a compulsory 60 minute, written exam can be taken at the end of the term. In addition, an optional homework maybe turned in. The lecture will be held in English. |
Main Topics
- Fundamentals of Money
- National and International Currencies
- History of Fixed Exchange Rate Systems
- Theories of Fixed Exchange Rates
- Speculative Attacks on Fixed Exchange Rates and their Collapse
- Exchange Rate Variability and Models of Floating Exchange Rate Determination
Literature
Further readings (useful but not compulsory):
- Krugman and Obstfeld, International Economics.
- Obstfeld and Rogoff, Foundations of International Macroeconomics.
- Paul De Grauwe, International Money.
- Paul De Grauwe, The Economics of Monetary Integration.
Lecture Notes
