1. Ec920 IME - Presentation1 University of Warwick Ec920: International Monetary Economics Alexander Mihailov

2. Ec920 IME - Presentation2 Content theoretical and empirical models –of exchange rates, the balance of payments and monetary policy –used in modern analysis of open economies insights and implications –for real-world macroeconomic contexts –and policy advice (depreciations, imbalances, debts) national and global welfare issues –of real and financial interactions –and policy coordination

3. Ec920 IME - Presentation3 Books León-Ledesma and Mihailov, 2012 (in progress) –Advanced International Macroeconomics and Finance, OUP Obstfeld and Rogoff, 1996 –Foundations of International Macroeconomics, MIT Press Mark, 2001 –International Macroeconomics and Finance: Theory and Econometric Methods, Blackwell Gandolfo, 2001 –International Finance and Open-Economy Macroeconomics, Springer Sarno and Taylor, 2002 – The Economics of Exchange Rates, CUP

4. Ec920 IME - Presentation4 Topics: 9 lectures and 6 classes 1.The Monetary Model 2.The Dornbusch Model 3.Microfoundations of Time 4.Microfoundations of Uncertainty 5.Empirical Studies on Exchange Rates, the Current Account and Sovereign Debt 6.The Lucas Model 7.International (Real) Business Cycle Research 8.New Open-Economy Macroeconomics 9.Open-Economy Neo-Wicksellian Policy Models