Listed in: Economics, as ECON-37
Adam D. Honig (Section 01)
This course surveys the recent wave of financial globalization and assesses both its merits and potential risks. In particular, we will examine the most important potential benefit of financial globalization, an increased rate of economic growth that can be a powerful tool in alleviating poverty. We will analyze the theoretical arguments for a growth-enhancing effect of globalization and discuss the empirical evidence. We will then turn to the most important potential drawback: the risk of a devastating financial crisis, particularly in emerging market economies that have only recently opened to international capital movements. Throughout the course we will emphasize the conditions and policies under which financial globalization is likely to be successful. The course will conclude with an analysis of the effect of financial globalization, as well as increased trade openness, on inflation and the conduct of monetary policy.
Requisite: Economics 11. Instructor consent required for those students who have taken Economics 38 or Economics 76. Fall semester. Professor Honig.
Section 01
M 02:00 PM - 03:20 PM MERR 3
W 02:00 PM - 03:20 PM MERR 3
This is preliminary information about books for this course. Please contact your instructor or the Academic Coordinator for the department, before attempting to purchase these books.
| ISBN | Title | Publisher | Author(s) | Comment | Book Store | Price |
|---|---|---|---|---|---|---|
| Macroeconomics | Worth Publishers | N. Gregory Mankiw | Amherst Books | TBD |
These books are available locally at Amherst Books.