empfohlenes Vorwissen

Advanced knowledge in macroeconomics of open economies, in the field of money and currencies as well as basic knowledge in econometrics.

Abstract

The course provides advanced knowledge of new theoretical and empirical research in the field of international capital movements. This includes the analysis of the determinants of international capital movements, the analysis of the determining reasons of exchange rate movements as well as the analysis of the functionality of international financial markets. Furthermore, various explanatory approaches for international currency and financial crises are going to be presented and assessed.

Qualifikationsziele

Students

• understand the conceptual basics of international capital movements
• are able to present current models of international capital movements formally, graphically, and are also able to interpret them verbally
• are in a position to transfer the obtained knowledge and skills to other subjects

Lehrinhalte

• Structure and development of international capital movements
• Causes of international capital movements
• Techniques to measure the integration of international financial markets
• Stylised facts of exchange rate developments
• Purchasing power parity theory
• Monetary approaches to the exchange rate
• Portfolio theory
• The microstructural approach to exchange rate analysis 
• The effects of foreign exchange interventions
• Forecasting quality of alternative models
• Causes of currency and financial crises

Literaturangaben

• Harms, Internationale Makroökonomik;
• Mark, International Macroeconomics and Finance, Theory and Econometric Methods; 
• Obstfeld and Taylor, Global Capital Markets;
• Sarno and Taylor, The Economics of Exchange Rates;
• Selected scientific publications

didaktisches Konzept

The course is held in the form of lectures.

Hörerschaft

• BWL-EaF-Ma-2015 > Wahlpflichtbereich > (1.-3. Fachsemester, Wahlpflicht) Modul "International Capital Movements: Theory and Econometric Evidence "
• ECMX-Ma-2019 > Wahlpflichtbereich > ME5 Economics > (1.-3. Fachsemester, Wahlpflicht) Modul "International Capital Movements: Theory and Econometric Evidence "
• LA-gbF-kbF-BK-Ma-2014 > Masterprüfung in der kleinen beruflichen Fachrichtung > Finanz- und Rechnungswesen, Steuern > Wahlpflichtbereich Kleine berufliche Fachrichtung "Finanz- und Rechnungswesen, Steuern" > (1.-3. Fachsemester, Wahlpflicht) Modul "International Capital Movements: Theory and Econometric Evidence "
• Mathe-Ma-2013 > Anwendungsfach "Wirtschaftswissenschaften" > Schwerpunkt "VWL-M II" > (1.-4. Fachsemester, Wahlpflicht) Modul "International Capital Movements: Theory and Econometric Evidence "
• MuU-Ma-2013 > Wahlpflichtbereich II > Wahlpflichtbereich II B.: Märkte und Unternehmen aus Marktperspektive > (1.-3. Fachsemester, Wahlpflicht) Modul "International Capital Movements: Theory and Econometric Evidence "
• VWL-Ma-2009-V2013 > Wahlpflichtbereich I > (1.-3. Fachsemester, Wahlpflicht) Modul "International Capital Movements: Theory and Econometric Evidence "
• WiMathe-Ma-2013 > VWL-M II > (1.-4. Fachsemester, Wahlpflicht) Modul "International Capital Movements: Theory and Econometric Evidence "