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B016437 - INTERNATIONAL AND FINANCIAL ECONOMICS
Main information
Teaching Language
Course Content
Suggested readings
Prerequisites
Teaching Methods
Further information
Type of Assessment
Course program
Academic Year 2018-19
Coorte 2017 - Second Cycle Degree in ECONOMICS AND DEVELOPMENT
Course year
Second year - Second Semester
Belonging Department
Economics and Management (DISEI)
Course Type
Single education field course
Scientific Area
SECS-P/01 - ECONOMICS
Credits
6
Teaching Hours
48
Teaching Term
25/02/2019 ⇒ 31/05/2019
Attendance required
No
Type of Evaluation
Final Grade
Course Content
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Course program
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Lectureship
Mutuality
Course teached as:
B028049 - INTERNATIONAL AND FINANCIAL ECONOMICS
Second Cycle Degree in FINANCE AND RISK MANAGEMENT
B028049 - INTERNATIONAL AND FINANCIAL ECONOMICS
Second Cycle Degree in FINANCE AND RISK MANAGEMENT
Teaching Language
English
Course Content
Theoretical and econometric (time series) analysis of some major aspects o International Financial Economics.
Suggested readings (Search our library's catalogue)
Reading List of the course in International and Financial Economics
- Giulio Cifarelli: Corso di Economia Internazionale Finanziaria. Parte I°. Analisi del Tasso di
Cambio Nominale, Firenze, 2004. (available upon request).
As an alternative, for non Italian students
- Ronald MacDonald: Exchange Rate Economics. Theories and Evidence. Routledge, London, 2007, chapters 1, 2, 4, 5, 6 and 7.
- Mark .P. Taylor: Exchange-Rate Behavior under Alternative Exchange-Rate Arrangements,
in Understanding Interdependence, The Macroeconomics of the Open Economy, P.B. Kenen
(ed.), Princeton University Press, Princeton, 1995, pp. 34-83.
- Giulio Cifarelli and Giovanna Paladino (2006): The International Reserves Glut: Is It for Real?, Studi e Discussioni n. 142, Dipartimento di Scienze Economiche, Università di Firenze (posted on the Social Science Research Network webside).
- Stephan Reitz and Franz Westerhoff (2007): Commodity Price Cycles and Heterogeneous
Speculators: A STAR GARCH Model, Empirical Economics, 33, 231-244.
- Giulio Cifarelli: Corso di Economia Internazionale Finanziaria. Parte I°. Analisi del Tasso di
Cambio Nominale, Firenze, 2004. (available upon request).
As an alternative, for non Italian students
- Ronald MacDonald: Exchange Rate Economics. Theories and Evidence. Routledge, London, 2007, chapters 1, 2, 4, 5, 6 and 7.
- Mark .P. Taylor: Exchange-Rate Behavior under Alternative Exchange-Rate Arrangements,
in Understanding Interdependence, The Macroeconomics of the Open Economy, P.B. Kenen
(ed.), Princeton University Press, Princeton, 1995, pp. 34-83.
- Giulio Cifarelli and Giovanna Paladino (2006): The International Reserves Glut: Is It for Real?, Studi e Discussioni n. 142, Dipartimento di Scienze Economiche, Università di Firenze (posted on the Social Science Research Network webside).
- Stephan Reitz and Franz Westerhoff (2007): Commodity Price Cycles and Heterogeneous
Speculators: A STAR GARCH Model, Empirical Economics, 33, 231-244.
Prerequisites
Macroeconomics
international Economics
Econometrics
international Economics
Econometrics
Teaching Methods
24 tow hours lectures
Further information
This is a fourth year (Msc) course and is not for Erasmus students.
Type of Assessment
Written end of course final examination (60 minutes, four short essays).
The final grade will depend upon the outcome of the written examination (90%) and upon classroom intellectual involvement (10%).
The final grade will depend upon the outcome of the written examination (90%) and upon classroom intellectual involvement (10%).
Course program
- The balance of payments.
- The financial markets.
- The foreign exchange rate market.
- Theoretical and econometric (time series) implications of the efficient market hypothesis.
- The moneray approach to the balance of payments.
- The news.
- The forward solution of dynamic models with rational expectations.
- Efficient market failures: rational and irrational bubbles; analysis of the impact of speculation.
- Optimal official reserve accumulation policies.
- The Asian crisis and financial contagion.
- Foreign exchange rate systems and the birth of the Euro.
- The financial markets.
- The foreign exchange rate market.
- Theoretical and econometric (time series) implications of the efficient market hypothesis.
- The moneray approach to the balance of payments.
- The news.
- The forward solution of dynamic models with rational expectations.
- Efficient market failures: rational and irrational bubbles; analysis of the impact of speculation.
- Optimal official reserve accumulation policies.
- The Asian crisis and financial contagion.
- Foreign exchange rate systems and the birth of the Euro.