Economics 662 studies the macro side of international economics. Topics include balance of payments adjustment and macroeconomic stabilization policies under fixed and flexible exchange rates, empirical regularities of international prices, interest rates and exchange rates, models of exchange rate determination and exchange rate/current account dynamics, exchange rate policy for developed and developing economies, international capital flows and sovereign debt.

Professor Gangnes: Tuesday 3:00-4:00; Wednesday 1:00-2:00, Saunders 513, 956-7285, email: gangnes@hawaii.edu

Approx. Date	Presenters	Paper
Dec. 4	Liu, Nantamanasikarn	Mark, Nelson C., "Balance-of-Payments Crises," Chapter 11 International Macroeconomics and Finance, Blackwell, 2001.

Midterm Exam   Answer Sheet

Syllabus