Course description
This course introduces students to international financial markets, exchange rate theories and theories of the balance of payments.
TEXT: Husted, S. and M. Melvin International Economics Pearson/ Addison Wesley 7th edition
1. Introduction to International Finance
Husted and Melvin chap. 11
2. THE BALANCE OF PAYMENTS
Husted and Melvin chap. 12
Bank of Jamaica Annual Reports
3.THE FOREIGN EXCHANGE MARKET
Husted and Melvin chap.13
Krugman, P. and M. Obstfeld International Economics 8th edition chap.13
4. Purchasing Power Parity
Husted and Melvin chap 14
Taylor, A. and M. Taylor “The Purchasing Power Parity Debate†Journal of Economic Perspectives vol.18.pp 135-158
The Economist. “The Big Mac Index†at: Http://www.economist.com/markets/Bigmac/index.cfm
5. Interest Parity
Husted and Melvin chap.15
6. Foreign Exchange risk
Husted and Melvin chap. 16
7. International Investment
Husted and Melvin chap.16
UNCTAD World Investment Report 2008
World Bank World Development Report 2005
8. Theories of the Balance of Payments
Husted and Melvin chap.17
9. Exchange Rate Theories
Husted and Melvin chap. 18
10. International Banking
Husted and Melvin chap. 20
Krugman, P. and M. Obstfeld International Economics 8th ed. Chap. 21
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