This course covers, with a focus on both theory and empirics, basic topics in international finance (exchange rate economics & international macroeconomics) at undergraduate level. The course does not deal with international business methods (logistics, use of letters of credits etc.), instead it focuses on theory and policy analysis and attempts to provide some insight into questions such as the following ones:
- What determines exchange rates?
- How do national economic policies influence external equilibrium of an economy?
- What effect have different foreign exchange policies and foreign exchange arrangements have on economic stability and economic growth?
- What causes balance of payments crises/international financial crises?
- When it is optimal for several countries to share one currency?
- How many global currencies do we really need?
The course is a logical complement to the International Trade I (JEB039), however, it can be also studied independently, the International Trade course is not considered to be a prerequisite.
We will attempt to provide up-to-date examples and references whenever possible (e.g. by discussing topical issues such as global imbalances, internationalization of “new currencies” such as RMB, new digital and crypto-currencies, or the stability of Eurozone).
- Teacher: Vilém Semerák
- Teacher: Jiří Teichman