University of London

Small Navigation Menu

Primary Menu

International finance


This module is concerned with the institutions of international finance and the key policy problems that have arisen in recent decades. 

It presents a policy-oriented perspective, similar to that an economist would use when advising governments on how to work within the modern international financial system and how to overcome its problems.

Topics covered

  • Unit 1 Evolution of International Financial Systems
  • Unit 2 Foreign Exchange Markets
  • Unit 3 The Balance of Payments
  • Unit 4 Balance of Payments: the Mundell-Fleming Approach
  • Unit 5 Balance of Payments – the Monetary Approach
  • Unit 6 Fixed and Flexible Exchange Rate Systems
  • Unit 7 Currency Blocs, Financial Integration and International Co-ordination
  • Unit 8 Currency and Financial Crises and the International Financial System


  • one three-hour unseen written examination (70%)
  • two tutor marked assignments (30%)