The topics covered by the course are at the very heart of today’s economic and political events. We aim at providing sound and specific tools for the analysis of international monetary economics and explore the most up to date evidence on and interpretation of the current and most relevant international phenomena. Beyond these general goals we aim at presenting and analysing in a critical manner the position of our country, Italy, in the rapidly changing world economy.
The course focuses on the functioning of an international monetary system. It has three core parts:
1) the first is meant to provide an historical and analytical perspective of different exchange rate regimes to highlight their pros and cons.
2) A second part of the course will concern the specific analysis of the comparison of exchange rate regimes and macroeconomic policies characterising the most recent 2008 crisis and the ‘29 one.
3) Finally, the course will provide a focus on the functioning of the Eurosystem and of the position of Italy within this system.
The main value added of the course is having instructors whose research field overlaps with the topics that they will cover.