GECO
6253

International Finance

New School for Social Research: Economics

International Finance
Spring 2018
Taught By: Mohamed Obaidy and Willi Semmler
Section: A

Course Reference Number: 6026

Credits: 3

This course is devoted to studying international monetary economics and finance historically, empirically and theoretically. We begin with a historical overview of the monetary and currency systems such as the gold standard, the Bretton Woods system, the Euro-System, and other systems. We then examine for fixed and flexible exchange rate systems, the role of the balance of trade, the balance of payment, capital flows, foreign reserves and credit cycles for their potentials to generate international financial crises. Furthermore, the important role of central banks and multilateral institutions such as the IMF will be studied to what extent they can stabilize growth, employment, and inflation rates. Special emphasis is given to topics such as the impact of globalization, financial instability, and monetary and fiscal policies, exchange rate volatility and their impact on the real and financial sectors, foreign debt, capital flows, currency runs, and international portfolio decisions. As important recent historical crisis episodes the Latin American debt crisis, the Asian currency crisis, the US financial market meltdown, and the EU sovereign debt crisis are studied. We also will explore World Bank and IMF policies and issues concerning financial market liberalization, international financial regulations, and international financial architecture." On Fri, May 10, 2019 at 8:51 AM GF Economics Secretary wrote: sure we will send this in a flyer. This is the text: "This course is devoted to studying international monetary economics and finance theoretically and empirically. We begin with a historical overview of the gold standard, the Bretton Woods system, the Euro-System, and other international monetary and currency systems. We then examine theoretically and empirically the balance of trade and balance of payment accounts and their adjustments as well as the question of how growth, employment and inflation are impacted by fixed or flexible exchange rates. Special emphasis is given to topics such as the impact of globalization, financial instability and monetary and fiscal policies, exchange rate volatility and its impact on the real and financial sector, foreign debt, capital flows, currency runs, and international portfolio decisions. As important recent historical crisis episodes the Latin American debt crisis, the Asian currency crisis, the US financial market meltdown, and the EU sovereign debt crisis are studied. We also will explore World Bank and IMF policies and issues concerning financial market liberalization, international financial regulations and international financial architecture."

College: New School for Social Research (GF)

Department: Economics (GECO)

Campus: New York City (GV)

Course Format: Seminar (R)

Max Enrollment: 18