POLI 445 Lecture Notes - Lecture 8: Putting-Out System, Interest Rate
2 Jan 2020
School
Department
Course
Professor
Document Summary
330 leacock monday 11. 35 -12. 35, wednesday 8. 30-9. 30 mark. brawley@mcgill. ca two recommended books: choose one. Advantage through reading such books they are giving you historial narratives that encompass the material we will discuss. Final and mid term format: list of id"s and essay. Stable, open international financial systems provide flows of international investments, means for making payments, etc: monitoring systems makes investments flow in and out of countries, well functioning balance of payments; trade will occur smoothly in time. These arrangements also expose countries to various risks: having international financial markets; may create bunch of opportunities in terms of borrowing money etc; but brought exposure a number of problems. Interest rate changes elsewhere can affect your country: lending money is great however; the lender might can"t get his money. Stable, open financial systems require: back: recognized, useful medium of exchange. Intermediating institutions: lender of last resort (llr, actors are driven by competitive pressures, borrow more than they should.
