Global Macro and Asian Markets Course Notes
PRE-READINGS:
Module 1: Global Macro & Asian Markets Prof Thomas Pugel Prof Danyang Xie November 26 - 29, 2012 (Mon - Thu)
You are required to prepare all Pre-readings before class. Please bring along your pre-readings. No extra copy will be distributed in class due to copyright issue.
For Prof Thomas Pugel’s session: 1. “World Economy,” FT Special Report, Financial Times, October 12, 2012, 8 pages. The following six sections from this special report are required reading: “Hopes turn to fear and uncertainty” “Ball is in countries’ court as ECB stands prepared” “Slowdown in growth likely to continue” “‘Fiscal cliff’ looms over growth hopes” “On the hunt for yield in more robust emerging markets” “Maradona lends hand on central bank policy” 2. “The World Economy: A Game of Catch-up,” Special Report, Economist, September 24, 2011, 24 pages. All sections of this report are required reading except “Commodities: Crowded out” and “Exporting jobs: Gurgaon grief”. 3. 4. 5. “Monetary Policy since the Onset of the Crisis,” Ben S. Bernanke, Remarks at the Federal Reserve Bank of Kansas City Economic Symposium, August 31, 2012. “The Economic Outlook and Challenges to Monetary Policy,” John C. Williams, Presentation to the City Club of San Francisco, September 24, 2012. Chapters 17 and 18, International Economics, fifteenth edition, Thomas A. Pugel. McGraw-Hill Irwin, 2012. (Note: Other chapters of this book could be of interest but are not required pre-reading, especially Chapters 16, 19, 20, and 21.) “The European Sovereign Debt Crisis,” Philip R. Lane. Journal of Economic Perspectives, Vol. 26, no. 3, Summer 2012, pp. 49-68.
6.
For Prof Dangyang Xie’s session: 1. “Rising power, anxious state”, Economist, June 25, 2011
World Economy
Inside
Growth glitches
Pages 2, 3
If Obama wins . . . or Romney
Page 4
Cash conundrum
Meeting of minds: logo for the IMF-World bank events beginning in Tokyo today
Page 5
Risks ahead if QE continues
Page 6
Module 1: Global Macro & Asian Markets Prof Thomas Pugel Prof Danyang Xie November 26 - 29, 2012 (Mon - Thu)
You are required to prepare all Pre-readings before class. Please bring along your pre-readings. No extra copy will be distributed in class due to copyright issue.
For Prof Thomas Pugel’s session: 1. “World Economy,” FT Special Report, Financial Times, October 12, 2012, 8 pages. The following six sections from this special report are required reading: “Hopes turn to fear and uncertainty” “Ball is in countries’ court as ECB stands prepared” “Slowdown in growth likely to continue” “‘Fiscal cliff’ looms over growth hopes” “On the hunt for yield in more robust emerging markets” “Maradona lends hand on central bank policy” 2. “The World Economy: A Game of Catch-up,” Special Report, Economist, September 24, 2011, 24 pages. All sections of this report are required reading except “Commodities: Crowded out” and “Exporting jobs: Gurgaon grief”. 3. 4. 5. “Monetary Policy since the Onset of the Crisis,” Ben S. Bernanke, Remarks at the Federal Reserve Bank of Kansas City Economic Symposium, August 31, 2012. “The Economic Outlook and Challenges to Monetary Policy,” John C. Williams, Presentation to the City Club of San Francisco, September 24, 2012. Chapters 17 and 18, International Economics, fifteenth edition, Thomas A. Pugel. McGraw-Hill Irwin, 2012. (Note: Other chapters of this book could be of interest but are not required pre-reading, especially Chapters 16, 19, 20, and 21.) “The European Sovereign Debt Crisis,” Philip R. Lane. Journal of Economic Perspectives, Vol. 26, no. 3, Summer 2012, pp. 49-68.
6.
For Prof Dangyang Xie’s session: 1. “Rising power, anxious state”, Economist, June 25, 2011
World Economy
Inside
Growth glitches
Pages 2, 3
If Obama wins . . . or Romney
Page 4
Cash conundrum
Meeting of minds: logo for the IMF-World bank events beginning in Tokyo today
Page 5
Risks ahead if QE continues
Page 6