Studies fixed and floating exchange rate systems. Topics include determinants of a nation's balance of international payments; macroeconomic interdependence of nations under various exchange-rate regimes and its implications for domestic stabilization policies; and the international coordination of monetary and stabilization policies. Prerequisite: ECON 3020.

Topics include the balance of payments, long-term and short-term capital movements, the international money market, international monetary standards, international equilibrium and the mechanism of adjustment, exchange variations, and the objectives of international monetary policies. Prerequisite: ECON 7020 or instructor permission.

For doctoral dissertation, taken under the supervision of the first reader or prospective first reader.