In the first part, we'll look at the deciding factors of a country's competitiveness on international markets: how do Germany and China come out on top in the international competitiveness rankings despite very different production structures?
In the second part we will look at the deciding factor of international capital flows. We'll try to understand what expalins that a country like the USA can accumulate substantial net external deficits over a relatively long period, without suffering the distrust of international investors. This part of the course will also look at the question of exchange rates, which has proved to be crucial in understanding a number of international currency crises, such as the Asian crisis of the late 90s. Finally, we will tackle the specific nature of the monetary zone, to gain insight on the economic policy options available to the leaders of the eurozone economies.
Course language: French
- Teaching coordinator: Corcos Grégory
- Teaching coordinator: Guerreiro David
- Teaching coordinator: Meunier Guy
- Teaching coordinator: Poirier Arthur