Lecture Notes

1 The issues, short–term and long–term (PDF)
2 Determinants of long–term growth (PDF)
3 Exchange rates for emerging markets (PDF)
4 Exchange rates for industrialized countries (PDF)
5 Banking crises (PDF)
6 Modern financial crises (PDF)
7 Japan's lost decade (PDF)
8 Crisis in Asia, 1997–98 (PDF)
9 Who is more prone to crisis now—Europe or the US? (PDF)
10 Recap: Macroeconomic policy in historical perspective (PDF)
11 Recap: Fiscal sustainability (PDF)