4.0

credits

Average Course Rating

The course will focus on key macroeconomic and financial policy issues with a focus on Emerging Markets. The course is divided into two parts. The first part explores the causes, dynamics and consequences of selected crises episodes affecting emerging markets, especially in Latin America; from the debt crises of the 1980’s to the COVID-19 pandemic. The second part of the course addresses selected issues regarding crisis resolution, including the political economy of crises, their long run impacts on the economy, and the future of the international financial architecture. By the end of the course, it is expected that students will be able to identify the major factors leading to crises in emerging markets, assess the difficult policy trade-offs that policymakers face when dealing with crises, and evaluate alternative policy options.