AEM 7670 - Topics in International Finance

(crosslisted) ECON 7670
(EC-SAP)

Fall. 3 credits. S/U grades only.

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

E. Prasad.

This course will provide a selective overview of topics at the cutting-edge of academic research and policy debates about the international monetary and financial system. Main areas will include the effects of financial globalization on growth, volatility, and the transmission of business cycles, as well as the determinants of capital flows and exchange rates. The course will cover topics at the intersection of international finance and macroeconomics, with particular emphasis on the implications for monetary policy and financial regulation. New research related to Fintech, cryptocurrencies, and central bank digital currencies will also be covered. 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.

Outcome 1: Discuss topics at the cutting-edge of academic research and policy debates about the international financial system.

Outcome 2: Identify key aspects of the literature on the effects of financial globalization, including growth, volatility, and the transmission of business cycles.

Outcome 3: Explain the causes and effects of the global financial crisis and what implications it has for the research agenda in international finance and macroeconomics.

Outcome 4: Review the latest literature on monetary policy and financial regulation, with an emphasis on these issues in the context of emerging market economies.

Outcome 5: 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.