Exchange Rates and International Finance-F-M-
Kurs ID
ECON601
Art des Kurses
MSc Kurs
Wochenstunden
2,5
ECTS
5.0
Semester
HS 2020
Vortragssprache
Englisch
Vortragende/r
Prof. Dr. Michael Frenkel, Maximilian Ambros
Bitte beachten Sie, dass AustauschstudentInnen im BSc-Programm der WHU eine höhere Anzahl an Credits erwerben als hier aufgeführt. Für weitere Informationen wenden Sie sich bitte direkt an das [International Relations Office].
Kursinhalt
1. International transactions and different exchange rate concepts
2. Interest rates and exchange rates: an asset approach
3. Money, interests and exchange rates
4. International linkages of goods and asset markets under fixed exchange rates
5. International linkages of goods and asset markets under flexible exchange rates
6. Portfolio balance and exchange rate determination
7. Market efficiency and rational expectations
8. Foreign Exchange Intervention
9. The news model of exchange rate determination
10. The risk premium
11. The microstructure of the foreign exchange market and its implications for exchange rate determination
2. Interest rates and exchange rates: an asset approach
3. Money, interests and exchange rates
4. International linkages of goods and asset markets under fixed exchange rates
5. International linkages of goods and asset markets under flexible exchange rates
6. Portfolio balance and exchange rate determination
7. Market efficiency and rational expectations
8. Foreign Exchange Intervention
9. The news model of exchange rate determination
10. The risk premium
11. The microstructure of the foreign exchange market and its implications for exchange rate determination
Termine
| Date | Time |
|---|---|
| Friday, 04.09.2020 | 13:45 - 17:00 |
| Tuesday, 08.09.2020 | 11:30 - 15:15 |
| Thursday, 10.09.2020 | 15:30 - 18:45 |
| Friday, 11.09.2020 | 11:30 - 13:00 |
| Monday, 21.09.2020 | 09:45 - 11:15 |
| Thursday, 24.09.2020 | 08:00 - 11:15 |
| Wednesday, 07.10.2020 | 09:45 - 13:00 |
| Monday, 12.10.2020 | 11:30 - 17:00 |
Lernerfolge
This course focuses on concepts used to analyze financial aspects in the world economy. It examines how economic linkages between countries affect domestic economic variables like exchange rates, interest rates, output, prices, and wealth. These variables are important for many players in an economy, especially for companies with an international focus.
In each section, the course first introduces basic concepts. Afterwards, exercises, discussions, and problem sets complement the presentation of the relevant material. For problem sets, study groups will be organized.
Literatur
Copeland, Laurence S., "Exchange Rates and International Finance", 6th ed. (Pearson) 2014. Hallwood, C. Paul/Mac Donald, Ronald, "International Money and Finance", 4th ed. (Blackwell) 2007. Krugman, Paul/Obstfeld, Maurice/Meltiz, Marc, "International Economics", 11th ed. (Addison Wesley) 2018.
Lernmethoden
Cases, Problem Sets and Lecture Material
Art der Prüfung
Home Assignmentand Problem Sets
Voraussetzungen
Basics of Macroeconomics
Umfang
150