THE UNIVERSITY of EDINBURGH
DEGREE REGULATIONS & PROGRAMMES OF STUDY 2009/2010
International Money and Finance (EC0067)
The course will consider: theoretical and applied aspects of exchange rate determination, such as explaining exchange rate volatility, equilibrium and forecastability issues; the economics of fixed exchange rates in terms of the target zone literature, the speculative attack literature and contagion; some of the so-called puzzles in international finance, such as the Feldstein-Horioka and home bias puzzles and the role of the gravity model in explaining international trade patterns; the evolution of the European Monetary System, from ERM to euro, and the role of the ECB in the operation of monetary policy in the euro area.
? Pre-requisites : Macroeconomics 1 and 2, Quantitative Methods 1 and 2 and Microeconomics 1 and 2, SGPE Postgraduates, OR by permission of the Programme Director.
? Normal year taken : Postgraduate
? Contact Teaching Time : 3 hour(s) per week for 7 weeks
All of the following classes
Summary of Intended Learning Outcomes
The course aims to cover the major recent developments in the field of International Money and Finance. The course consists of a blend of theoretical, applied econometric and institutional material.
Contact and Further Information
The Course Secretary should be the first point of contact for all enquiries.
Ms Marie Craft
Prof Andy Snell
Course Website : http://www.sgpe.ac.uk
School Website : http://www.ed.ac.uk/econ/
College Website : http://www.hss.ed.ac.uk/