This is a half unit course E216M, offered in the academic year 2016-2017 at the Fletcher School, Tufts University.
The first half of the course focuses on the core economics of banking and international finance. It reviews the economics of banking, international financial markets and exchange rate determination, and the financial implications of current account imbalances. It also examines the implications of leverage for the solvency of households, firms, governments and banks.
The second half of the course focuses on five financial crises: the Great Depression of the 1930s, the US financial crisis of 2007-8, and the three major post-1970s external debt crises, i.e. the Latin American crisis of the 1980s, the Asian crisis of the 1990s and the Eurozone crisis of the 2010s. The systemic as well as the country specific causes and consequences of the five crises are also examined in detail.