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SMU Module Review: ECON235 International Macroeconomics

This course will cover basic concepts, tools and facts needed to understand the functioning of the global economy and international financial markets. We develop a theoretical framework for the analysis of the determinants of current account deficits, international capital movements, real and nominal exchange rates. We also examine the relationship between interest rates and exchange rates, and discuss various measures of global capital market integration. This framework is then used to discuss relevant policy issues such as the emergence of the US as a foreign debtor, the developing country external debt crises and balance-of-payment crises.

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