International Finance Program Dr. Antony Mueller

Main Subjects The international monetary system and the roles of its prime players. The international monetary system and the roles of its prime players. Balance of payments analysis Balance of payments analysis Exchange rate mechanism and currency arrangements Exchange rate mechanism and currency arrangements Sovereign Risk Analysis Sovereign Risk Analysis International monetary integration (Euro) International monetary integration (Euro) International bank transactions (stocks, bonds, derivatives) International bank transactions (stocks, bonds, derivatives)

The International Monetary System The gold standard The gold standard Bretton Woods I Bretton Woods I BW II BW II Current State of the international monetary system Current State of the international monetary system The role of international reserve currency The role of international reserve currency End of the dollar supremacy? End of the dollar supremacy?

Balance of Payments Analysis Major Components of BP Major Components of BP Current Account Current Account Financial Account Financial Account International Reserves International Reserves Open Economy Macroeconomics Open Economy Macroeconomics International Financial Crises and their Management International Financial Crises and their Management

Exchange Rates Types of Exchange Rates Types of Exchange Rates Fixed versus Floating Rates Fixed versus Floating Rates Currency Arrangements Currency Arrangements Determinants of Exchange Rate Determinants of Exchange Rate Purchasing Power Parity Purchasing Power Parity Efficiency and Inefficiencies of international currency markets Efficiency and Inefficiencies of international currency markets

Sovereign Risk Analysis Country Risk – Sovereign Risk – Currency Risk – Political Risk Country Risk – Sovereign Risk – Currency Risk – Political Risk Types of Risk Analysis Types of Risk Analysis Quantitative Approaches Quantitative Approaches Evaluation Models Evaluation Models Prognosis Prognosis Applications Applications

International Monetary Integration Optimal Currency Area Optimal Currency Area The European Monetary Integration The European Monetary Integration Dollar – Euro – Gold Dollar – Euro – Gold Monetary Integration in Latin America Monetary Integration in Latin America The New Regionalism The New Regionalism Globalization – Localization - Regionalization Globalization – Localization - Regionalization

The Major Players G8 – G20 G8 – G20 US – EU – Japan – China US – EU – Japan – China International Monetary Fund International Monetary Fund IBRD IBRD Multinational Companies Multinational Companies Global Banks Global Banks NGOs NGOs

International Monetary Transactions Stocks, Bonds, Derivatives Stocks, Bonds, Derivatives Role of International Diversification Role of International Diversification Role of Speculation Role of Speculation International Debt International Debt Speculative Attacks Speculative Attacks Debt Cycles Debt Cycles Crisis Preventions and Crisis Management Crisis Preventions and Crisis Management