International Finance and Globalisation

Module code: MN7574

Globalisation means that world trade and financial markets are becoming more integrated. At the same time, the global liberalisation of financial markets is facilitating or driving processes of wider globalisation. In this module you will explore the connections between international finance (and the internationalisation of finance), globalisation and underlying socio-political-economic relationships.

Topics covered

  • The nature of globalisation – economic, social, political, cultural phenomenon
  • Globalisation in historical perspective
  • International macroeconomics – balance of payments and exchange rate theories
  • Role of international financial markets in facilitating and driving globalisation
  • International financial architecture and the role of international financial institutions – IMF, World Bank, etc.
  • Effect of (financial) globalisation on developing countries and development
  • Debt and crisis
  • Financial liberalisation

Assessment

  • Essay (100%)