Professor:
Department:
Department of Economics
Program:
МА «Финансовая экономика»
Semester:
3
Credits:
3
Course description
This course allows students to regularize and develop their knowledge of the open economy macroeconomics. This course discusses balance of payments as an indicator of the stability of the economy and as an indicator of the country's integration into the international financial system. Students will discuss the main theories of exchange rate determination, study how the choice of an exchange rate regime affects the effectiveness of monetary and financial policy, the ability of a country to borrow, and the stability of the financial sector. Students will also learn about several generations of models explaining financial crises.