Infopaket

Theories of international finance

ОК 11

Обов’язкова дисципліна для ОП

Second

2021/2022

2 Semester

3

To know: the main provisions of the theory of purchasing power parity, interest rate parity; the definition of the Fisher effect and the international Fisher effect. basic principles of the theory expectations, optimal currency area, Mandel-Fleming model, Krugman model AA-DD, balance of payments theories. To be able to: identify exchange rate factors in different countries and determine the exchange rate in different situations, use the conditions of international monetary parity to predict future exchange rates, identify the relationship between real interest rates in different countries and factors, analyze the relationship between interest rates and exchange rates, assess the feasibility of monetary integration, use methods of regulating external settlements, develop and analyze models of international finance.

Full-time form

The study of the discipline assumes that students have general material on the development of international finance, international investment, global financial markets. The study of the discipline requires knowledge of the basic level of English.

1. Theory of purchasing power parity 2. Theory of interest rate parity 3. Fisher effect. Fisher's international effect 4. The theory of expectation. 5. The theory of the optimal currency zone. 6. Mandel-Fleming model. Krugman model AA-DD 7. Theories of balance of payments Test

1. Основи міжнародних фінансів: підручник. За ред. Рогача О.І / О.І. Рогач, Т.С. Шемет, С.А. Циганов та ін. К.: ВПЦ «Київський університет», 2014. 494 с. 2. Copeland L. Exchange Rates & International Finance. 6th edition. Trans-Atlantic Publications, 2014. 576 p. 3. Kallianiotis J. Exchange Rates and International Financial Economics: History, Theories, and Practices. Palgrave Macmillan, 2013. 309 p. 4. Krugman P., Melitz M., Obstfeld M. International finance: theory et policy. 11th edition. Global edition. Pearson Education Limited, 2018. 465 p. 5. Mark N. International Macroeconomics and Finance: Theory and Econometric Methods. Wiley-Blackwell, 2001. 296 p. 6. Wang P. The Economics of Foreign Exchange and Global Finance. Springer, 2020. 502 p.

Lecture, seminar (discussion, speeches), testing, final test

1. Work at seminars - speeches, additions, discussions, debates, blitz tests - 28 points / 15 points 2. Preparation of a creative task - 30 points / 6 points 3. Test (test) - 22 points / 13 points As part of the study of the discipline, it is planned to prepare and submit to the teacher a creative task, which includes an empirical test of the provisions of one of the theories of international finance to be considered, on the example of Ukraine.

Ukrainian