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B028049 - INTERNATIONAL AND FINANCIAL ECONOMICS
Main information
Teaching Language
Course Content
Suggested readings
Teaching Methods
Type of Assessment
Course program
Academic Year 2020-21
Coorte 2020 - Second Cycle Degree in FINANCE AND RISK MANAGEMENT
Course year
First year - Second Semester
Belonging Department
Economics and Management (DISEI)
Course Type
Single education field course
Scientific Area
SECS-P/02 - ECONOMIC POLICY
Credits
6
Teaching Hours
48
Teaching Term
22/02/2021 ⇒ 28/05/2021
Attendance required
No
Type of Evaluation
Final Grade
Course Content
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Course program
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Lectureship
Teaching Language
English
Course Content
Theoretical and econometric (time series) analysis of some major aspects o International Financial Economics.
Suggested readings (Search our library's catalogue)
Reading List of the course in International and Financial Economics
- Giulio Cifarelli: Corso di Economia Internazionale Finanziaria. Parte I°. Analisi del Tasso di
Cambio Nominale, Firenze, 2004. (available upon request).
As an alternative, for non Italian students
- Ronald MacDonald: Exchange Rate Economics. Theories and Evidence. Routledge, London, 2007, chapters 1, 2, 4, 5, 6 and 7.
and, for everybody
- 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 (posted on the Social Science Research Network webside).
- Stephan Reitz and Franz Westerhoff (2007): Commodity Price Cycles and Heterogeneous
Speculators: A STAR GARCH Model, Empirical Economics, 33, 231-244.
- Giulio Cifarelli and Paolo Paesani (2018): Navigating the oil bubble: a non-linear heterogeneous-agent dynamic model of futures oil pricing, MPRA Paper no. 90470 (posted on the Social Science Reearch Network website).
The slides (in PowerPoint) of the course can be otained upon the request.
- Giulio Cifarelli: Corso di Economia Internazionale Finanziaria. Parte I°. Analisi del Tasso di
Cambio Nominale, Firenze, 2004. (available upon request).
As an alternative, for non Italian students
- Ronald MacDonald: Exchange Rate Economics. Theories and Evidence. Routledge, London, 2007, chapters 1, 2, 4, 5, 6 and 7.
and, for everybody
- 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 (posted on the Social Science Research Network webside).
- Stephan Reitz and Franz Westerhoff (2007): Commodity Price Cycles and Heterogeneous
Speculators: A STAR GARCH Model, Empirical Economics, 33, 231-244.
- Giulio Cifarelli and Paolo Paesani (2018): Navigating the oil bubble: a non-linear heterogeneous-agent dynamic model of futures oil pricing, MPRA Paper no. 90470 (posted on the Social Science Reearch Network website).
The slides (in PowerPoint) of the course can be otained upon the request.
Teaching Methods
24 two hours lectures
Type of Assessment
If the Covid Pandemic has not subsided, the usual written end of course examination will be replaced by an oral examination, to be implementd over the internet.
Course program
- The balance of payments.
- The financial markets.
- The foreign exchange rate market.
- Theoretical and econometric (time series) implications of the efficient market hypothesis.
- The moneray approach to the balance of payments.
- The news.
- The forward solution of dynamic models with rational expectations.
- Efficient market failures: rational and irrational bubbles; analysis of the impact of speculation.
- Optimal official reserve accumulation policies.
- The Asian crisis and financial contagion.
- Foreign exchange rate systems and the birth of the Euro.
- The financial markets.
- The foreign exchange rate market.
- Theoretical and econometric (time series) implications of the efficient market hypothesis.
- The moneray approach to the balance of payments.
- The news.
- The forward solution of dynamic models with rational expectations.
- Efficient market failures: rational and irrational bubbles; analysis of the impact of speculation.
- Optimal official reserve accumulation policies.
- The Asian crisis and financial contagion.
- Foreign exchange rate systems and the birth of the Euro.