International Finance II

Internatinal Finance II

The course is designed for second-year Master's students who major in international finance. The course is designed to learn mainly two issues; (i) small open economy business cycles, and (ii) international financial crises. By understanding key issues in international finance, students are expected to acquire enough knowledge to work as policymakers at policy institutions and international organizations.

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授業計画

(i) Lecture 1 - Introduction and overview of main stylized facts; (ii) Lecture 2 - Small Open Economy (SOE) empirics; (iii) Lecture 3-4 - Theory of small open economy; (iv) Lecture 5 - Tradable and non-tradable model and empirics; (v) Lecture 6 - Interest Rate shocks model and empirics; (vi) Lecture 7 - Mid-term exam, (vii) Lecture 8 - Student's presentation; (viii) Lecture 9 - Financial crises (BOP and bank): empirics, (ix) Lecture 10 - Sovereign debt crises: empirics, (x) Lecture 11-12 - Theory of sovereign debt (xi) Lecture 13 - Sovereign debt restructurings and debt crisis resolution (xii) Lecture 14 - Guest lecture

授業の方法

(i) Lecture, (ii) Students' presentation, (iii) Mid-term exam (in class), (iv) Final Exam (in exam period)

成績評価方法

(i) Final exam - 35%, (ii) Mid-term exam - 30%, (iii) Presentation - 20%, (iv) Research proposal - 15%

履修上の注意

Students are required to complete "core course" in the first-year of Master course; (i) macroeconomics, (ii) microeconomics, (iii) econometrics. Students are required to take both "International Finance I" and "International Finance II" in sequence.