&
Toomas Hinnosaar
Ph.D.
student, Tartu Ülikool
International
Finance MJRI.07.089 considers the functioning of national and
international financial markets. Topics include:
The
welfare effects of financial integration.
Intertemporal
reallocation of consumption and investment.
Insurance
and diversification of risks in world financial markets.
Sovereign
borrowing, asymmetric information and default risk.
The
origin of financial crises: “Fundamentals” or
self-fulfilling expectations?
Currency
unions, i.e. several countries adopting the same currency.
The main
source is a standard reference in International Finance, viz.
Obstfeld & Rogoff: Foundations of International
Macroeconomics. The book is somewhat technical and
research-oriented, but there will also be reading focusing on
descriptive, institutional or policy-oriented topics.
Students: MA and
Ph.D. students from the Faculty of Economics and Business
Administration. Other students can also take the course after
permission from the lecturer.
Language: The
course will be taught in English. Assignments and exams must be
written in English.
Time &
Place: Wednesdays 10:15-12.00, Lossi 3-307.
First
meeting: Wednesday 3 September 10:15-12:00.
Grading: The
course is graded on the A-F scale based on the following weighting:
Midterm (30% of course grade)
Final (70% of course grade).
Credit points:
If passed the course gives 3 credit points.
Web
page:
http://ec.ut.ee/eurofaculty/lecturers_t/karsten_staehr/ecif-web.htm
.