CHOICE 1

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The goal will be to understand the nature of the interrelationships between economies and to analyze the conditions under which economic policies are effective in an open economy, taking into account both the nature of the exchange rate regime and the degree of capital account openness.

With this in mind, the balance of payments will be presented and analyzed; issues related to the competitiveness and attractiveness of economies will be discussed.

It will also involve understanding the impacts of financial liberalization on exchange rate volatility and the options available to various types of economic actors for hedging against exchange rate risk.

Finally, the concept of crises will be introduced (financial and currency crises). The endogeneity of crises will be highlighted through an analysis of the two most recent crises: the 2008 financial crisis, on the one hand, and the health crisis, on the other.

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The goal will be to understand the nature of the interrelationships between economies and to analyze the conditions under which economic policies are effective in an open economy, taking into account both the nature of the exchange rate regime and the degree of capital account openness.

With this in mind, the balance of payments will be presented and analyzed; issues related to the competitiveness and attractiveness of economies will be discussed.

It will also involve understanding the impacts of financial liberalization on exchange rate volatility and the options available to various types of economic actors for hedging against exchange rate risk.

Finally, the concept of crises will be introduced (financial and currency crises). The endogeneity of crises will be highlighted through an analysis of the two most recent crises: the 2008 financial crisis, on the one hand, and the health crisis, on the other.

View the full page

View the full page