AEM 7670

Topics in International Finance

Course Description

Course information provided by the Courses of Study 2018-2019.

This course will provide a selective overview of topics at the cutting-edge of academic research and policy debates about the international financial system. Main areas will include the effects of financial globalization on growth, volatility, and the transmission of business cycles. The course will also examine the determinants of the direction and composition of capital flows. It will then cover the causes and effects of the financial crisis and what implications it has for the research agenda in international finance and macroeconomics, with particular emphasis on the implications for monetary policy and financial regulation. This course is intended for advanced Ph.D. students, especially those in search of thesis topics, and will require extensive student involvement in preparing research proposals and critiques of existing literature. Students will develop their own research ideas during the course and are required to write a substantive research paper.

When Offered Fall.

Prerequisites/Corequisites Prerequisite: basic Ph.D. level courses in macroeconomics and applied econometrics.

• Discuss topics at the cutting-edge of academic research and policy debates about the international financial system.
• Identify key aspects of the literature on the effects of financial globalization, including growth, volatility, and the transmission of business cycles.
• Explain the causes and effects of the global financial crisis and what implications it has for the research agenda in international finance and macroeconomics.
• Review the latest literature on monetary policy and financial regulation, with an emphasis on these issues in the context of emerging market economies.
• Develop their own research ideas, building on material covered in the course, and start working on their Ph.D. or Master's theses or second-year papers.

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