ECON 422 - International Macroeconomics and Finance

This is a course in open economy macroeconomics and international finance. Special emphasis is placed on the causes and consequences of the international financial system’s evolution. The four major international monetary regimes of the twentieth century, the classical gold standard, the interwar gold-exchange standard, the Bretton Woods System, and the floating-rate dollar standard, are explored in chronological order as well as attempts at monetary union in Europe. Topics examined include: 1) exchange rate determination, 2) balance of payments, 3) macroeconomic adjustment, and 4) international monetary institutions. Case studies are used extensively. Prerequisite(s): ECON 361 and ECON 371 (4 Credits)