The course offers an overview of the main topics in international monetary economics. In particular, we will try to keep a close link between the theories studied in class and the real world (eg. European Monetary Union, The 2008 Financial Crisis,..).
1. An introduction to international macro
2. Nominal and real exchange rate
3. Purchasing power parity
4. Uncovered interest rate parity
5. Monetary economics in open economy
6. Flexible vs fixed exchange rate regimes
7. European Monetary Union
8. The Financial Crisis
9. Market microstructure
10. Monetary regimes in emerging economies
Textbooks:
- Slides from the classes, which will be posted on the e-learning platform of the course.
- Krugman, Obstfeld and Melitz, “Economia Internazionale 2: Economia Monetaria Internazionale”.
| Author | Title | Publisher | Year | ISBN | Note |
| Paul R. Krugman, Maurice Obstfeld, Marc Melitz | Economia Internazionale 2: Economia Monetaria Internazionale | Pearson | 2015 | ||
| Krugman, Obstfeld, and Melitz | International Economics: Theory and Policy (Edizione 11) | Pearson. | 2018 |
The final exam will be a written exam and will last 90 minutes.
There will not be an intermediate exam.
