The objective of this course is to develop the comprehensive framework for analysing the macro-financial and monetary aspects of stabilization policies in emerging and developing market economies. The course enables students to acquire a good understanding of the main concepts of financial and monetary economics, study the role of the monetary stabilization policy and the development of financial intermediation.
The course emphasizes the real-world macro-financial issues currently facing the developing countries and analyzed in the reports of the international organizations (IMF, World Bank). More specifically, the course addresses the following topics: consequences of liberalization of financial markets, challenges and opportunities associated with international financial integration, open economy aspects of macroeconomic stabilization policy, the choice of the exchange rate regime, financial crisis, etc.
In order to acquire practical skills needed for the analysis of applied issues, students will get familiar with the available data sources and databases used to evaluate the strengths and weaknesses of a country’s financial system.
The course has three distinct parts:
Three hours lectures. Slides, lecture notes and selected readings will be distributed.
Two home assignments (in groups)
Written exam, closed books.
Reading list recommended in class and available on webcampus.
| Formation | Programme d’études | Bloc | Crédits | Obligatoire |
|---|---|---|---|---|
| Standard | 0 | 4 | ||
| Standard | 1 | 4 |