AEM 7670 Topics in International Finance
Fall. 3 credits. Prerequisite: ECON 7620 or equivalent. E. Prasad.
This course will provide a selective overview of topics at the cutting edge of academic research and policy debates about the international financial system. Main areas will include the effects of financial globalization on growth, volatility, and the transmission of business cycles. We will also examine the determinants of the direction and composition of capital flows, and analyze the implications of the rising prominence of hedge funds, sovereign wealth funds, and other institutional investors. This course is intended for advanced Ph.D. students, especially those in search of thesis topics, and will require extensive student involvement in preparing research proposals and critiques of existing literature.