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 three parts. We begin with an introduction to the foreign exchange market and a basic open-economy macroeconomics. Next, we introduce core theoretical models for understanding how foreign exchange rates are determined and forward exchange rate market. Finally, we explain the Mundell and Fleming propositions and theoretical and empirical test for PPP hypothesis.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 three parts. We begin with an introduction to the foreign exchange market and a basic open-economy macroeconomics. Next, we introduce core theoretical models for understanding how foreign exchange rates are determined and forward exchange rate market. Finally, we explain the Mundell and Fleming propositions and theoretical and empirical test for PPP hypothesis.
本課程教學目的乃對於開放經濟體系，提供總體經濟理論的進階分析及模型延伸，尤其在總體經濟政策的效果分析及涵義上。並對整體世界經濟體系，互相依存的國際金融制度沿革及發展，外匯市場、國際收支的調節理論均為主題。主要內容包括：國際收支帳的介紹，各種匯率體制的發展及優劣比較，國際金融體制現況與變革，開放型總體經濟模型的建立、運作與架構，總體經濟政策效果分析，國際經濟景氣的傳輸與互動的探討，國際收支與匯率動態調節過程的理論。
The teaching purpose of this course is to provide advanced analysis and model extension of overall economic theory for open economic systems, especially the effect analysis and implications of overall economic policies. The overall world economic system, the evolution and development of the interdependent international financial system, the foreign exchange market, and the adjustment theory of the balance of payments are all topics. The main contents include: introduction to the balance of payments, the development and comparison of the advantages and disadvantages of various exchange rate systems, the current situation and changes of the international financial system, the establishment, operation and structure of the open overall economic model, analysis of the effects of overall economic policies, and the transmission of international economic prosperity. and interactive discussion, the theory of dynamic adjustment process of international balance of payments and exchange rate.
黃志典, 國際金融理論, 雙葉書廊, 2019, 1版!
楊明憲，國際金融，滄海書局，2019，1版。
Krugman, P., Obstfeld, M. and Melitz, M. (2018), International Finance: Theory and Policy, 11th ed, Pearson.
林柏生等譯, 國際經濟學（下冊）-國際金融, 華泰書局, 2015, 10 版.
Paul Krugman, 面對失靈的年代, 時報出版社, 2009.
Eswar S. Prasad, 美元，不得已的避險天堂, 天下文化, 2015.
Barry Eichengreen, 囂張的美元：美元的興衰與國際貨幣體系的未來, 高寶, 2012.
Huang Zhidian, International Financial Theory, Shuangye Bookstore, 2019, 1st edition!
Yang Mingxian, International Finance, Canghai Bookstore, 2019, 1st edition.
Krugman, P., Obstfeld, M. and Melitz, M. (2018), International Finance: Theory and Policy, 11th ed, Pearson.
Translated by Lin Baisheng and others, International Economics (Volume 2)-International Finance, Huatai Book Company, 2015, 10th edition.
Paul Krugman, Facing the Age of Failure, Times Press, 2009.
Eswar S. Prasad, The US dollar, a safe haven of last resort, Tianxia Culture, 2015.
Barry Eichengreen, The Arrogant Dollar: The Rise and Fall of the Dollar and the Future of the International Monetary System, KBA, 2012.
| 評分項目 Grading Method | 配分比例 Grading percentage | 說明 Description |
|---|---|---|
| 期中考期中考 midterm exam |
40 | |
| 期末考期末考 final exam |
50 | |
| 出席成績出席成績 Attendance results |
10 |
