Macroeconomics II

Module Code: EC7006

International Finance

ECTS Credit: 5
Mandatory/Optional: Optional
Module Coordinator: Professor Fadi Hassan

Aim of Module

This module will focus on topics in international finance. The module will firstly review the main players and markets in international finance. Then it will look at the development of international financial markets over the last decades from both a developed country and merged markets perspective, focusing on the most recent trends. We will explore the determinants of financial flows from both a theoretical and empirical point of view. Finally, we will assess the implication of international financial flows for monetary policy and the real effects of financial flows both in times of booms and of crises.

Module Delivery

The module will be delivered through a combination of lectures (9 hours) and tutorials (3 hours).

Learning Outcomes

On completion of the module, students should be

Able to describe recent trends in capital flows
Knowledgeable about empirical methods to assess the determinants of capital flows
Empowered to critically evaluate the effects of capital flows to the real economy and engage in the policy debate on this topics.

Reading List

There is no single reference textbook for this first part of the module. Lectures will be mostly based on a set of papers. Lecture slides and reading lists will be made available on blackboard.