Duration: 3 hours per week - 13 weeks [ECTS: 6]

Course outline

This course aims at examining the structure of the international monetary relations. It first focuses on the determination of short term and longer-term prices and output in the open economy. It then analyses the performance of fixed and flexible exchange rates as well as the role of Central banks in the foreign exchange market. Finally it describes the international monetary system and puts some light on both the debt problems of developing countries as well as the monetary challenges of post-communist economies.