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International Capital Markets

International Capital Markets interno.1.fw
International Capital Markets interno.2.fw
International Capital Markets interno.3.fw

Over the last few decades, the world economy has witnessed an unprecedented process of financial globalization. In this class, we document this process and its macroeconomic effects, and contrast them with the predictions of standard economic models. We then extend these models in light of the evidence and use them to derive policy implications. The main topics to be covered include: the effects of financial liberalization; causes and consequences of sovereign risk; interactions between domestic and international financial markets; sudden stops and crises; the role of international financial institutions; and the interplay between asset bubbles and capital flows.

Número de sesiones: 8

Total horas: 32

Notas: Las sesiones de cada día serán repartidas: 2 horas de Broner, 2 horas de Martin. NO hay clase el sábado.