ECON 476v6: International Finance Report a Broken Link

Economics 476 (International Finance) is relatively broad in scope. It covers topics that range from balance of payments to economic policies to the International Monetary System.

In recent years, there have been significant changes in the macroeconomies of various countries, with new trade agreements and the process of globalization driving the structural changes. In addition to providing you with a theoretical framework in which to investigate these issues, this course examines several proposals aimed at reforming the International Monetary System. If any of these proposals were to be implemented, their effects would be felt by every one of us. This course provides you with some of the tools that you, as an economist, might need to thrive in the new global economy.

Required Readings

Unit 1

Laliberte, L. (1993). Globalisation and Canada’s international investment position. You need Adobe Acrobat Reader to open this file. Download Adobe Reader software for no charge at

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Unit 2

Froot, K. & Thaler, R. (1990). Anomalies: Foreign exchange. Journal of Economic Perspectives 4(3), 179-192.

Unit 9

McKinnon, R. I. (1988). Monetary and exchange rate policies for international financial stability: A proposal. Journal of Economic Perspectives, 2(1), 83-103.
Dornbusch, R. (1988). Doubts about the McKinnon standard. Journal of Economic Perspectives, 2(1), 105-112.
Williamson, J. (1988). Comment on McKinnon’s monetary rule. Journal of Economic Perspectives, 2(1), 113-119.