International Finance

New School for Social Research: Economics

Graduate Course

Majors Only

International Finance

Fall 2020

Taught By: Willi Semmler

Section: A

CRN: 7019

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.

College: New School for Social Research (GF)

Department: Economics (GECO)

Campus: Online (DL)

Course Format: Seminar (R)

Max Enrollment: 12

Add/Drop Deadline: September 14, 2020 (Monday)

Online Withdrawal Deadline: November 22, 2020 (Sunday)

Seats Available: Yes

Status: Open*

*Status information is updated every five minutes. The status of this course may have changed since the last update. Open seats may have restrictions that will prevent some students from registering. Updated: 12:12am 7/10/2020 EDT

Meeting Info:

Days: Thursday

Times: 6:00pm - 7:50pm

Building: TBD

Date Range: 9/3/2020 - 12/17/2020

Days: Tuesday

Times: 8:00pm - 9:50pm

Building: TBD

Date Range: 9/8/2020 - 12/15/2020