GLEF3010 INTERNATIONAL MONETARY SYSTEMS

This course studies the evolution and development of international monetary and exchange rate systems. Major monetary regimes and institutions, such as international gold standard, Great Depression of the 1930s, post-World War II Bretton Woods system and the International Monetary Fund (IMF), as well as post-1973 floating exchange rate system, are introduced. Important issues on macroeconomic policy goals of internal and external balance and international policy coordination are addressed. In addition, selected topics, including global imbalance and financial crisis, are covered. (Pre-requisite(s): DSME1040 or ECON2021)