code: A7160      studiebelasting: 9 sp      periode: sem. 1, sem. 2
naam: Weco. Exchange rates & international financial markets
internet: homepage, rooster
opleiding/fase: econ/d23/profiel
voertaal: English
docent(en): dr. D.J.C. Smant, prof.dr. J.M.A. Viaene, prof.dr. C.G. de Vries
contactpersoon: mw. J.H.J. Bogaards-Kok, mw. A.M.C. Kop
secretariaat: AE/Macro
aanmelding: bij Studenten Informatiecentrum, vóór 1 augustus of 1 december
toelatingseisen:
  • propedeuse Economie behaald
  • minimaal 27 sp uit het doctoraal-1 Economie dienen te zijn behaald (cijfers 5,5 en hoger)
aanbevolen:
  • A7360 - Methoden en technieken
    Met nadruk wordt er op gewezen dat voor deelname aan de werkcolleges het vak Methoden en technieken in principe dient te zijn gevolgd. De kennis en vaardigheden die in dit vak aan de orde komen, worden in de werkcolleges bekend verondersteld. Dat betekent dat bij praktijkonderzoeken, werkstukken en dergelijke in het kader van de werkcolleges de beoordelingsnorm daar ook vanuit gaat.
  • AFB01 - Communicatieve vaardigheden
onderwijsvorm: Seminar, 2 lecturer-hours per week and 14 hours of self-study per week.
tentamenvorm: Assessment on the basis of exam, presentation and term paper.
tentamenperiode: december/januari, mei/juni
tentameneisen: -
tentamenstof:

Objective

The objective of the course is to provide the student with an independent working knowledge of the theoretical and empirical issues in international financial markets.

Content

The goal of this seminar is to develop a broad coherent framework for thinking about all of the fundamental problems of international financial markets. The field is alive with great practical questions. What are the long-term implications of sustained United States current account deficits and Japanese current account surpluses? How do government budget deficits affect interest rates? How is the out of sample performance of exchange rate models? Is increasing global market integration affecting the nature and international propagation of business cycles? What is the exchange rate policy in the EMU? How important is monetary policy, and what are the channels through which it affects the real economy? How is the market structure of a particular industry affected by monetary shocks? How are international trade and international prices affected by exchange rates? These are issues that interest policymakers, business people, researchers and students alike. It is no wonder that these issues command the attention of the Economist, the Wall Street Journal and Financial Times.

Required Literature

At the beginning of the semester a syllabus and a reader with the required reading are provided.

 5-7-2002