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 began 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 purpose of this course is to provide advanced analysis and model extension of overall economic theory for the open economic system, especially in the analysis and connotation of overall economic policies. And the theory of the adjustment of the foreign exchange market and international revenue and expenditure on the overall world economic system, the interdependent international financial system, are the themes. The main contents include: introduction of international income and expenditure accounts, the development of various exchange rate systems and the comparison of advantages and disadvantages, the current situation and changes of international financial system, the establishment, operation and structure of open overall economic model, analysis of overall economic policy effects, and the transmission of international economic landscape and interactive exploration, theories of dynamic adjustment process of international revenue and expenditure 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, Double Leaf Library, 2019, 1st edition!
Yang Mingxian, International Finance, Yanghai Book Bureau, 2019, 1 edition.
Krugman, P., Obstfeld, M. and Melitz, M. (2018), International Finance: Theory and Policy, 11th ed, Pearson.
Lin Bosheng et al. Translation, International Economics (hereinafter referred to)-International Finance, Huatai Book Bureau, 2015, 10th edition.
Paul Krugman, Facing the Age of Lost, Times Press, 2009.
Eswar S. Prasad, USD, Paradise of Dissapointment, World Culture, 2015.
Barry Eichengreen, The U.S. dollar: The decline of the dollar and the future of the international currency system, Gao Bao, 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 |
10 |
