Exchange Rate – recession fears: What do we predict will happen to the exchange rate for the US Dollar when the rest of the world teeters on the brink of recession?
Exchange Rate – rupee: What do we predict will happen to the exchange rate for the Indian rupee when India implements a strange anti-corruption policy called “demonetization” where the 500 rupee and 1000 rupee banknotes were removed from circulation?
Principles of Economics in Context by Goodwin, Harris, Nelson, Roach and Torras published by M.E Sharpe ISBN: 978-0-7656-3882-3
Principles, Chapter 7 “International Trade and Trade Policy”
Read carefully, but don’t spend too much time on calculating exchange rates. It is more important to understand the direction of changes than the calculation.
Principles, Chapter 29 “The Global Economy and Policy”. A reference chapter – skim.
Richard Baldwin. “The World Trade Organization and the Future of Multilateralism .” Journal of Economic Perspectives, Volume 30, Number 1 (Winter 2016), pp. 95-116. Give this reading more time.
Stiglitz, J. E. (1997). Dumping on Free Trade: The U.S. Import Trade Laws . Southern Economic Journal, 64(2), 402-424. Give this reading more time.
International Monetary Fund “About” A reference reading – skim.
The following four readings should be skimmed for their conclusions.
Carmen M. Reinhart, Christoph Trebesch. “The International Monetary Fund: 70 Years of Reinvention .” Journal of Economic Perspectives, Volume 30, Number 1 (Winter 2016), pp. 3-28
Barry Eichengreen, Ngaire Woods. “The IMF’s Unmet Challenges .” Journal of Economic Perspectives, Volume 30, Number 1 (Winter 2016), pp. 29-52
Michael A. Clemens, Michael Kremer. “The New Role for the World Bank ”. Journal of Economic Perspectives, Volume 30, Number 1 (Winter 2016), pp. 53-76
Martin Ravallion. “The World Bank: Why It Is Still Needed and Why It Still Disappoints .” Journal of Economic Perspectives, Volume 30, Number 1 (Winter 2016), pp. 77-94