CREDITS 2 (LV) 3 (ECTS) - 30 Contact Hours

International Monetary Economics explains what motivates flows of money across borders and how this affects exchange rates, interest rates and economic activity. The course covers the following topics: 1) Balance of payments, 2) Foreign exchange market, 3) Exchange rate regimes and the international monetary system, 4) International interest parity conditions, 5) Capital movements, speculation and international currency crisis, 6) The Economics of exchange rate, 7) International monetary integration and the European Monetary Union.