Finance 319 Lectures 3 & 4

Table of Contents

Finance 319 Lectures 3 & 4

Practical Matters Investment History Video

Overview of International Monetary System I

Overview of International Monetary System II

Rules of the Game: a set of explicit and implicit rules

1. The Gold Standard, 1879 - 1913, Box 2.1, p. 24

2. Bretton Woods, Box 2.2, p. 27

3. Fixed-Rate Dollar Standard, 1950 - 1970, Box 2.3, p. 29

Why the rules of the game change?

More Rules of the Game:

6. & 7. The Spirit of EMU & the Current Rules, Box 2.6-7, pp. 38-9

An Example (US - Mexico)

Next Lecture

Summary of Today

Email: galka@umich.edu

Home Page: http://www.citi.umich.edu/u/galka

Other information:
*****Winter 2001 Teaching ***** International Finance: M & Wed 8:30 - 10:00 Game Theory Applications to Finance and Consulting Cases T & Th 3:00 - 4:30

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