IR469 Half Unit
Politics of Money in the World Economy
This information is for the 2022/23 session.
Teacher responsible
Prof Jeffrey Chwieroth CBG.10.12
Availability
This course is available on the MPA Dual Degree (ÐÓ°ÉÂÛ̳ and Columbia), MPA Dual Degree (ÐÓ°ÉÂÛ̳ and Hertie), MPA Dual Degree (ÐÓ°ÉÂÛ̳ and NUS), MPA Dual Degree (ÐÓ°ÉÂÛ̳ and Sciences Po), MPA Dual Degree (ÐÓ°ÉÂÛ̳ and Tokyo), MSc in International Affairs (ÐÓ°ÉÂÛ̳ and Peking University), MSc in International Political Economy, MSc in International Political Economy (ÐÓ°ÉÂÛ̳ and Sciences Po), MSc in International Political Economy (Research), MSc in Political Science and Political Economy and Master of Public Administration. This course is available with permission as an outside option to students on other programmes where regulations permit.
All students are required to obtain permission from the Teacher Responsible by completing the Student Statement box on the online application form linked to course selection on ÐÓ°ÉÂÛ̳ for You. Admission is not guaranteed.
This course has a limited number of places (it is controlled access) and demand is typically high.
Pre-requisites
Students intending to take the course should have a strong background in monetary economics.
Course content
This course is designed as a component of the study of a global system in which the management and mismanagement of money and finance are matters of fundamental consequence for international relations. It is intended to be of particular relevance to students specialising in international political economy. This is a course in applied international political economy theory. It deals with the basic concepts regarding the creation, use and management of money and finance in the global system. Students are then introduced to the political foundations of international monetary governance. Issues covered include the use of national currencies as international money, the politics of exchange rate adjustment, the operations of banks and other institutions in international money and capital markets, the evolution of global financial markets, the relationship between states and markets in the arena of global finance, international monetary cooperation, and the choices of monetary and financial policies open to developed and developing countries. The course emphasises that contemporary issues, such as international financial crises, international financial regulation and the politics of IMF conditionality, are best understood in a broader theoretical and analytical context.
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