International Financial System

International Financial System 14.03.2015 23:24

“International Financial System”

Individual work

Requirements

1. Structure
   1. Title page – 1 page
   2. Content – 1 page
   3. Overview – 1-2 pages
   4. Main material
   5. Conclusions - 1-2 pages
   6. References
   7. Size: 19-20 pages without references
   8. Language: English, Ukrainian
   9. Text format: Times New Roman, 14, 1,5 interval
   10. Recommended literature:

Main literature

1. Modern Financial System. Theory and Applications by E.Neave – 2010.
2. Peter Isard. Globalization and the International Financial System. What's Wrong and What Can Be Done - IMF Institute, Washington DC. – 2005
3. Bruno Solnik, Dannis McLeavy. International Investments. 5^th Edition. – The Addison-Wesley series in finance – 2004 – 760 p.
4. Kalemli-Ozcan S., Papaioannou E., “Financial Regulation, Financial Globalization, and the Synchronization of Economic Activity”, The Journal of Finance, Vol. 68, Issue 3,  June 2013, pp. 1179–1228.
5. Hill, Charles W.L. International Business: Competing in the Global Marketplace/ Charles W.L. Hill. – 3rd ed. – Boston: Irwin McGraw-Hill, 2001. – 692 p.
6. Lund S., Daruvala T. et al., “Financial globalization: Retreat or reset?”, Report by McKinsey Global Institute, March 2013. Available at: http://www.mckinsey.com/insights/global_capital_markets/financial_globalization
7. Official web site of IMF: www.imf.org

 

Additional literature

1. Bassanini F. Financial Stability, Fiscal Consolidation and Long-Term Investment after the Crisis [текст] / F. Bassanini, E. Reviglio // OECD Journal: Financial Market Trends. – 2011. - Issue 1. - 45 р.
2. Gallagher K. Regaining Control? Capital Controls and the Global Financial Crisis / K. Gallagher // Political economy Research Institute. Working papers. – 2011. №250. – 35 р.
3. Grodzkiy S., 2012. “European innovation development scoreboard and Ukraine”, Innovation Economy, No. 12, pp. 28-31. Access mode: http://archive.nbuv.gov.ua/portal/Soc_Gum/inek/2012_12/28.pdf
4. INSEAD, WIPO, 2012. “The Global Innovation Index 2012”. Access mode: http://www.csr-ukraine.org/interes/dosludjennya_insead_global_undeks.html
5. Meier S., “Financial Globalization and Monetary Transmission”, Swiss National Bank working papers (2013). Available at: http://www.snb.ch/n/mmr/reference/working_paper_2013_03/source/working_paper_2013_03.n.pdf
6. Ukrainian institute for scientific-technical and economic information Innovation, 2013. “Place of Ukraine in the Global Competitiveness Index in 2012-2013”. Access mode: http://www.uintei.kiev.ua/viewpage.php?page_id=492
7. Baltina А.М. Financial systems of foreign countries: study guide / А.М. Baltina, V.А. Volohina, N.V. Popova. – М.: Finances and statistics, 2007. – 304 p.
8. Borynets S.Y. International finances: Textbook. – 2-nd edition, readjusted and complemented – К.: Znannya, 2006. – 494 p.
9. The argument goes back to 18th century philosopher David Hume. See D. Hume, "On the Balance of Trade," reprinted in The Gold Standard in Theory and in History, ed. B. Eichengreen. (London: Methuen, 1985).
10. The Global Financial System. A functional Perspective by D. Crane at al. (1995)
11. R. Solomon, The International Monetary System, 1945 - 1981. (New York: Harper & Row, 2010).
12. For an extended discussion of the dollar exchange rate in the 1980s, see B. D. Pauls, "US Exchange Rate Policy: Bretton Woods to the Present," Federal Reserve Bulletin, November 1990, pp. 891 - 908.
13. A. R. Ghosh and A. M. Gulde, "Does the Exchange Rate Regime Matter for Inflation and Growth?" Economic Issues, no. 2, (1997).
14. "The ABC of Currency Boards," The Economist, November 1, 1997, p. 80.
15. N. Colchester and D. Buchan, Europower (New York: Random House, 1990), and D. Swann, The Economics of the Common Market (London: Penguin Books, 1990).
16. M. Wolf, "Emu May Not Be Dead After All" Financial Times, August 1, 1994, p. 13.
17. P. Norman, "A test for the ERM and a Warning for the Emu," Financial Times, March 7, 1995, p. 2.
18. Official web site of World Trade Organization: www.wto.org
19. Official web site of European Bank for Reconstruction and Development: www.ebrd.org
20. Official web site of World Bank: www.wb.org
21. Official web site of Bank for International Settlements: www.bis.org
22. Paul R. Krugman, 1979. "Vehicle Currencies And the Structure Of International Exchange," NBER Working Papers 0333, National Bureau of Economic Research, Inc. 
23. GROUP OF TEN. International Capital Movements and Foreign Exchange Markets. A Report to the Ministers and Governors by the Group of Deputies. April 1993
24. McKinnon, R. I. and Pill, H. (1997) 'Credible Economic Liberalizations and Over-Borrowing', AEA Papers and Proceedings 87(2): 189–93.
25. Guillermo A. Calvo & Enrique G. Mendoza, 2000. "Capital-Markets Crises and Economic Collapse in Emerging Markets: An Informational-Frictions Approach," American Economic Review, American Economic Association, vol. 90(2), pages 59-64, May. 
26. Eduardo Borensztein & Gian Maria Milesi-Ferretti & Catherine A. Pattillo & Andrew Berg, 2011. "Anticipating Balance of Payments Crises--The Role of Early Warning Systems," IMF Occasional Papers 186, International Monetary Fund.
27. The Report of Independent Evaluation Office (2003b), IMF
28. Chuzhykov V.І. Economics of foreign countries: Study guide. – К.: KNEU, 2005. – 308 p.
29. Extending of European Economic Community: economic and legal aspects / А.Y. Dayneko, G.V. Zabavskii, F.А. Dmytrakovych; Under scientific editorship of А.Y. Dayneko. – М.: Publishing house of business and training literature, 2004. – 336 p.
30. Financial and crediting systems of foreign countries: Study guide / К.V. Rudyi. – М.: Novoye Znaniye, 2003. – 301 p.
31. Gabbard, R. Glen. Money, financial system and economics: Textbook / Translation from English; Science editor of the translation М. Savluk, D. Olesnevych. – К.: KNEU, 2004. – 889 p.
32. History of money turnover and banking management in the USA: since colonial period till World War Second / Rotbard М.; transl. from English by B.S. Pinkers under the editorship of А.V. Kuryaev. – Chelyabinsk: Sotsium, 2005. – 548 p.
33. Ivanov V. М., Sotyshchenko І. Y- Monetary systems of foreign countries: Course of lectures. - К.: MAUP, 2001.- 325 p.
34. Ivasiv B.S. International estimations: Textbook. – Ternopil: Cart-blansh, 2004. – 223 p.
35. International exchange and credit and financial relations: textbook / Under the editorship of L.N. Krasavina. – 3-rd edition, readjusted and complemented. – М.: Finances and statistics, 2007. – 576 p.
36. International financial market: study guide / under the editorship of V.А. Slepov, Y.А. Zvonova. – М.: Magistr, 2007. – 543 p.
37. Kalabanya О. Influence of Euro trend to the macroeconomic indicators of the countries of Eastern Europe // Bulletin of NBU. - 2003. – No. 12. - P. 54.
38. Kozak Y.G., LogvynovaN.S., Kovalevskyi V.V. International finances: Study guide. Edition 3-rd, readjusted and complemented – К.: Centre of training literature, 2007. – 640 p.
39. Krahmalev S.V. Modern banking experience of international payments execution. – М. GrossMedia: ROSBUH, 2008. – 208 p.
40. Kusnetsov О. Transatlantic dimension of Euro // Bulletin of NBU. — 2001. — No. 11. – P. 15.
41. Linevych Y. Position of foreign banks in the process of crediting of economics of the countries of Central and Eastern Europe // Bulletin of NBU. — 2006. — No.4. -P. 31.
42. Miller R, Van-Huz D. Modern money and banking management. — М.: INFRA-М, 2000. – 425 p.
43. Mishchenko V., Nabok R. Role of foreign capital in banking sector of the country // Bulletin of NBU. - 2005. – No. 11. - P. 38.
44. Mishchenko V. І., Slavianska N.G., Koreneva О.G. Banking operations: Textbook. – 2-nd edition, readjusted and complemented. – К.: Znannya, 2007. – 796 p.
45. Ospishchev V.І., Blyznyuk О.P., Kryvoshyi V.V. International finances: Study guide. – К.: Znannya, 2006. – 335 p.
46. Rudenko L.V. International crediting and settlement and exchange operations. 2-nd edition. Textbook. – К.: Centre of training literature, 2007. – 632 p.
47. Soloninenko К.S. International economics: Study guide. – К.: Kondor, 2008. – 382 p.

 

Перелік тем для індивідуального завдання

1)           Main criticism of the  IMF

2)           International financial system and its essence

3)           The objective basis of international financial system

4)           Factors that influence on international financial system

5)           Reasons of international financial system crises and changes of principles of international financial system

6)           Requirements of world economy to international financial system

7)           Factors that defined participation of national financial system in world financial operations

8)           Mechanism of functioning and regulation of international financial system

9)           Forms of international financial flows

10)      Types of financial crises and there main characteristics

11)      Vicious circle of international financial crises

12)      Outline of the history of international financial crises in XIX century

13)      Possibilities and frames for the financial crises predictability

14)      Leverages of IMF and explain how they are used

15)      Perspectives and need for IMF reformation

16)      Reasons of the sudden stop of capital inflows during pre-crises periods

17)      The essence of contagion and explain the process

18)       Peculiarities of controversies over the macroeconomic and structural policy responses

19)      Problem of moral hazard: controversies over crises lending.

20)      Devise and sensible strategy for liberalizing domestic financial markets and international capital inflows

21)      Role of financial discipline in the country financial stability

22)      Informational imperfections and distorted incentives on the supply side of international capital flow

23)      Need of the debt resolution procedures

24)      Need of international financial system reformation

25)      Main elements and relationship that must be reformed to achieve sustainability of international financial system

26)      World financial centers, their essence and base of appearance

27)      Polycentric structure of international financial system

28)      Peculiarities of world financial centre before world war I and factors that contribute to their appearance

29)      Peculiarities of world financial centre after world war I and factors that contribute to their appearance

30)      Factors that contribute to the appearance of financial centers

31)      Essence of international monetary relations and world money