Course: International Monetary Policy Regimes (5201-511)

Persons:

• Prof. Dr. Peter Spahn (verantwortlich)

Type of Course:

lecture

In-Class Hours Per Week:

2

Contents:

The lecture deals with fixed exchange rate systems. A historical "tour d'horizon" starting from the gold standard, and extending to the Bretton Woods and the European Monetary System explores leader-follower relations between member nations, economic policy conflicts between internal and external policy goals, and aks for the reasons of the downfall of each of those systems. There is also a look at the New Bretton Woods constellation, the triangle of the euro, the dollar and the renminbi.

Literature:

McKinnon: The Rules of the Game

Spahn: From Gold to Euro

De Grauwe: International Money

Location:

Hohenheim

Module:

• 5201-510 Interest & Exchange Rates (compulsory)