Design of Course.

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Presentation transcript:

Design of Course

Goal of the course Considering regional integration in the broadest context of economic, political and social aspects, this course is first of all intended to ask about how internationalization transforms the relation between individuals and state. Against this backdrop, this course then examines whether and how diverse regional monetary and financial arrangements in particular can supplement and replace nation-state, drawing lessons largely from European monetary integration process.

Part I: Commerce, Finance and Integration of World I. Commercial World in the Greek and Roman Era (1) Origin of Democracy (2) Origin of State II. Commerce and State in the Modern Western Civilization (1) Commerce and Politics in Western World (2) Commerce and Politics in Asia III. Social Questions and the Rising State Role IV. Economy beyond State: Commerce and Globalization (1) Liberalism against nationalism and protectionism (2) Inadequacy of nation state and global economy V. Finance and Globalized World (1) Gold Standard System as a Natural Global System (2) Nationalization of Finance and BW System

Part II: Finance and Regionalization I. Commerce and Regional Integration II. Financial Globalization and Regionalization Implication of Impossible Trinity Theorem III. Cost and Benefit of Regional Monetary Integration OCA Barro-Gorden Model Seignorage IV. European Monetary Integration, Crisis and Challenge (1) History of EMU (2) EMS and EMU (3) Crisis of Euro (4) Future of Europe and Brexit V. Regional Monetary Cooperation in Asia and Other Regions

Grading Mid Exam 50% Final Exam 50% Attendance and Participation: a bonus of 10%

Required Readings Aguilera-Barchet, Bruno (2011), A History of Western Public Law: between Nation and State Eichengreen (1996), Globalizing the capital, Princeton Univ. Press De Grauwe, Economics of European Monetary Integration, Oxford Univ. Press, Additional papers and handouts will be distributed in the class.