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B018672 - INTERNATIONAL AND FINANCIAL ECONOMICS
Academic Year 2013-14
Coorte 2013 - Second Cycle Degree in ECONOMIC SCIENCES
Course year
First year - Second Semester
Belonging Department
Economics and Management (DISEI)
Course Type
Single education field course
Scientific Area
SECS-P/01 - ECONOMICS
Credits
9
Teaching Hours
72
Teaching Term
03/03/2014 ⇒ 30/05/2014
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 Govanna Paladino (2004): The Impact of the Argentine Default on Volatility Co-Movements in Emerging Bond Markets, Emerging Markets Review, 5, pp. 427-446.
- 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).
Additional readings
either
- Charles R. Morris: The Trillion Dollar Meltdown. Easy Money, High Rollers and the Great Credit Crash, PublicAffairs, New York, 2008, chapters 4-5-6.
or
- 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 Govanna Paladino (2004): The Impact of the Argentine Default on Volatility Co-Movements in Emerging Bond Markets, Emerging Markets Review, 5, pp. 427-446.
- 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).
Additional readings
either
- Charles R. Morris: The Trillion Dollar Meltdown. Easy Money, High Rollers and the Great Credit Crash, PublicAffairs, New York, 2008, chapters 4-5-6.
or
- Barry Eichengreen: Capital Flows and Crises, The MIT Press, Cambridge, Mass. 2004, chapters 6-7-8-9.