University of Maryland
Department of Economics
Prof. Carlos A. Végh

INTERNATIONAL FINANCE

(Econ 741)

Fall 2006

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Reading list

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Graduate textbook on Open Economy Macroeconomics in Developing Countries

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Handouts (PDF files)

· Real models

· Handout # 1A: The basic one-good intertemporal model

· Handout # 1B: Adding investment to the basic model

· Handout # 2: The basic model with uncertainty

· Handout # 3: Temporary policy: Intertemporal distortions

· Handout # 4: A two-good two-sector model: The role of relative prices

The mid-term will cover these first 5 handouts (which correspond to Chapter 1 through 4 in the book), all the material in Chapters 1-4 (whether it was covered in class or not), and the required readings.

· Monetary models

· Handout # 5: The basic monetary model: Money as a veil

· Handout # 6A: The monetary approach to the balance of payments

o Supplement to Handout # 6A: Dynamic optimization in continuous time

· Handout # 6B: The monetary approach to the balance of payments II: Devaluation in a two-good world

· Handout # 7: The monetary approach in modern clothes: Temporary stabilization

· Handout # 8: Sticky prices

· Handout # 9: Interest rate policy

· Handout # 10: Balance of payment crises: The basic model

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Problem sets (PDF files)

· Problem set # 1 (Answer key)

· Problem set # 2 (due October 10)

· Problem set # 3 (due November 28)

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Midterms and finals (PDF files)

· Midterm Fall 2006

· Final Fall 2006

· Final Winter 2005 (UCLA)

· Final Winter 2003 (UCLA)

· Final Winter 2002 (UCLA)

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Date of midterm: Wednesday, October 17, 2007

Date of final: Tentatively set for Monday, December 17, 2007 (subject to room availability)

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