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OAFP 5370 - Le financement de l'Etat dans les économies émergentes

Type d'enseignement : Elective

Semester : Autumn 2018-2019

Number of hours : 24

Language of tuition : English, French

Pre-requisite

No prerequisite but basic knowledge in international macroeconomics and finance will be appreciated. Please note that some guest speakers will give their lectures in French – a good understanding of oral and written French is thus strongly advised to enroll in this course.

Course Description

The purpose of this course is to provide students with an in-depth understanding of the way Sovereigns are financed, especially in emerging economies. The course adopts a comprehensive approach by tackling the entire spectrum of financing sources and instruments, while providing an historical perspective. This class offers a practical approach, giving the opportunity for students to discuss real cases with their teachers. Guest speakers will also enrich the course by sharing their experience with the class. Please note that some guest speakers will give their lectures in French – a good understanding of oral and written French is thus strongly advised to enroll in this course.

Teachers

  • RACOWSKI, Axel (Analyste)
  • STAINIER, Maximilien (Analyste)

Pedagogical format

The course will combine lectures, complemented by student's presentations, and case studies sessions based on modelling exercises. Some lectures will be given by guest speakers.

Course validation

Grading will be based on the writing of a short technical note, an individual presentation, and in-class participation. A fourth grade could be added based on group case studies.

Workload

Writing of one to two technical notes and preparation of an individual presentation. Students are expected to follow economic and financial news closely.

Required reading

  • Obstfeld, Krugman, International Economics, Pearson, 2012
  • Bénassy-Quéré, Coeuré, Jacquet, Pisani-Ferry, Politique économique, De Boeck, 2017
  • Easterly, Hall-Blanco, Aboa-Bradwell, The Economics of International Development, 2016