The purpose of this course is to provides rigorous introduction to international finance. The main focus of the course is on foreign exchange and international capital markets. To this end, we will explain the relevant theories and associate empirical tools in this class. The course is organized into two parts (theoretical models and empirical studies). First, we begin with an introduction to the foreign exchange market, basic open-economy macroeconomics and theoretical models for understanding how foreign exchange rates are determined (the Mundell and Fleming propositions) and forward exchange rate market. Second, I will introduce how to conduct empirical studies for testing, for example, the PPP hypothesis, the monetary model and the current account sustainability.The purpose of this course is to provide rigorous introduction to international finance. The main focus of the course is on foreign exchange and international capital markets. To this end, we will explain the relevant theories and associate empirical tools in this class. The course is organized into two parts (theoretical models and empirical studies). First, we begin with an introduction to the foreign exchange market, basic open-economy macroeconomics and theoretical models for understanding how foreign exchange rates are determined (the Mundell and Fleming propositions) and forward exchange rate market. Second, I will introduce how to conduct empirical studies for testing, for example, the PPP hypothesis, the monetary model and the current account sustainability.
本課程乃係延續經濟學系大學部四年級的「國際金融理論」這門課程進行設計而來，課程內容涵蓋了外匯市場的各項實務操作、各種匯率制度運作的認識與了解、匯率的動態調整(dynamic adjustment)、宣告效果(announcement effect)、匯率制度變遷(the exchange regime switching)、匯率制度崩潰(the exchange regime collapse)、資產組合平衡模型分析(the portfolio balance approach)、雙元匯率制度:動態層面的分析、黑市外匯市場、開放經濟:最適控制模型的應用、匯率目標區(the exchange rate target zone)、通貨與金融危機(currency and financial crises)等課題，以做為本所學生修完總體經濟理論必修課程後，供學生選擇的一門總體經濟理論相關選修課程。
This course is designed as a continuation of the fourth-year undergraduate course "International Financial Theory" in the Department of Economics. The course content covers various practical operations in the foreign exchange market, knowledge and understanding of the operation of various exchange rate systems, and the dynamics of exchange rates. Dynamic adjustment, announcement effect, the exchange regime switching, the exchange regime collapse, the portfolio balance model analysis approach), dual exchange rate system: analysis at the dynamic level, black market foreign exchange market, open economy: application of optimal control model, the exchange rate target zone, currency and financial crises and other topics, It is an elective course related to general economic theory for students to choose after they have completed the compulsory course on general economic theory.
(1) 賴景昌 (2006), 國際金融理論: 基礎篇, 華泰書局,2版
(2) Krugman, P. (林柏生等譯), 國際經濟學（下冊）-國際金融, 華泰書局, 2009, 8 版
(3) 國際期刊論文
(1) Lai Jingchang (2006), International Financial Theory: Basics, Huatai Book Company, 2nd Edition
(2) Krugman, P. (Translated by Lin Baisheng et al.), International Economics (Volume 2)-International Finance, Huatai Book Company, 2009, 8th edition
(3) International journal articles
| 評分項目 Grading Method | 配分比例 Grading percentage | 說明 Description |
|---|---|---|
| 平時成績平時成績 usual results |
40 | 含出席率與上課互動表現及報告 |
| 期中考期中考 midterm exam |
30 | |
| 期末報告期末報告 Final report |
30 | 上台口頭報告和書面報告 |
