Department of Economics

ECON846: International Monetary Policy

Lecturer in charge

Professor Jocelyn Horne

Availability

E1 - Evening; Offered in the first half-year

Unit Outline

Websites

Handbook entry

Coursework unit website - WebCT (Login required) - N/A

Description

The objective of this course is to examine selected issues in international monetary economics. The selected issues include: reform of the international monetary system and role of the IMF; savings, investment and the current account, international liquidity, central bank intervention, external debt and European monetary union.

Topics

  • International Monetary System: principles, problems; role of IMF; reform issues.
  • Saving, Investment and the Current Account Policy Issues
  • International Reserves and Liquidity: Issues of adequacy and equity
  • Confidence Problem and International Monetary Crises
  • External Debt and Solvency: HIPC Initiative
  • European Monetary Union and Currency Unions