Description

The objective of this unit is to examine selected policy issues in international monetary economics from a country, regional and global perspective. The unit assumes completion of an intermediate unit in macroeconomics. Emphasis is on economic argument, critical economic analysis and understanding rather than advanced mathematical expertise. The reading for each topic is designed to cover a broad range of technical skills and relevant policy issues of the international monetary system.

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