This course will cover various topics of development finance. The first part of this course is dedicated to policy issues of development finance and related theories. In the second part, we will discuss country or region-specific issues of development finance and consider policy recommendations based on macroeconomic situations, financial crises, and MDGs based on presentations of textbooks and related papers. Having a good understanding of all the core courses of the EDP&M program would be preferable.
1. Introduction (1 week)
2.National income accounting (1 week)
3.4.Foreign exchange market (2 weeks)
5.International monetary system (1 week)
6.Macroeconomic policy (1 week)
8.9. Global capital market, growth, debt issues, and financial crises (2 week)
10.11.Development finance practices by bilateral and multilateral development institutions (2 weeks)
12.13.14.Financial architecture and policy recommendations by country or region (3 weeks)
15.Financial crises, poverty alleviation and other related topics (1 week)
Todaro, Michael, et al (2002) Economic Development, Eighth edition, Addison-Wesley
Krugman, Paul and Maurice Obstfeld (2002) International Economics: Theory and Policy, Sixth edition, Addison-Wesley
Kenen, Peter (2001) The International Financial Architecture: What’s New? What’s Missing?, Institute for International Economics, Washington, D.C.
Takatoshi Ito, (1992) The Japanese Economy, The MIT Press
The World Bank, Global Development Finance
Other textbooks will be introduced in the class.
Mid-term(Inclass) exam, Presentation, and Takehome essay on country or region-specific development finance issues which are presented in the class