PSCI 2602 Lecture Notes - Lecture 1: Global Financial System, International Political Economy, Reserve Currency
Document Summary
Global trade, money and finance themes: the global trading system the global monetary system the global financial system. The global trading system the importance of rules the role of institutions: political power and global trade. The global monetary system the role of currencies: world currency international reserve currencies exchange rates: fixed, floating and managed: dollarization. The global financial system savings and investments financial flows + capital mobility types of capital flows: fdi / portfolio / lending: debt and the global economy financial crises.