Upon successful completion of this course, students will understand the theories for the interpretation of macroeconomic and monetary relations and be able to propose and evaluate alternative policies documented in the globalized financial market.
Course Content (Syllabus)
The external balance (IEC) and the foreign exchange market. The IEC in the context of macroeconomic accounting. II Theory balancing IEC. Exchange rate and IEC. Exchange rates and prices. National income and IEC. The monetarist theory of IEC. The portfolio theory of balance of payments. III The effectiveness of economic policies in small open economy models (Mundel - Fleming) and Designs "two countries" a regime of fixed and floating rates. IV. The IEC and the International Monetary System (IMS). Monetary system and balance the balance of payments: Conceptual clarification and delimitation of the problem. Monetary Systems in the period until 1944. Bretton Woods and the International Monetary System.
Course Bibliography (Eudoxus)
1. Καρφάκης Κ., "Διεθνείς Νομισματικές Σχέσεις", έκδ. Γ. & Κ. Δαρδανός, Αθήνα 2008.
2. Λεβεντάκης Ι., "Διεθνής Μακροοικονομική και Χρηματοοικονομική", έκδ. Σταμούλη, Αθήνα 2003.