授業科目名 年度 学期 開講曜日・時限 学部・研究科 全担当教員 単位数
50601:[2025 秋セメスター]Regional Economy and Development Ⅶ(P) 2025 秋セメスター 火4 政策科学部 西村 陽造 2

キャンパス

OIC

授業施設

AS451セミナールーム

授業で利用する言語

英語

授業の概要と方法

This course provides an understanding of the development of exchange rate regimes around the world from the 19th century to the present, by explaining the theoretical and empirical studies and introducing the relevant anecdotal episodes. Major topics are the gold standard, the Bretton Woods system after World War II, floating exchange rates after the collapse of the Bretton Woods system, the start of the Euro, the recent growing presence of the Chinese RMB, and the future position of the US dollar. This course attempts to enable students to consider freely the future course of exchange rate regimes and the global financial system.

受講生の到達目標

a) Understand the pros and cons of the fixed and flexible exchange rate regimes.
b) Understand the history of exchange rate regimes of major countries.
c) Understand the challenges facing the current global financial system.

事前に履修しておくことが望まれる科目

Preparatory learning of economics is not necessary.

授業スケジュール

授業回数/
担当教員（複数担当の場合） 		テーマ
キーワード・文献・補足事項等
1

Introduction

【+R-Jugyo】Information for “+R-Jugyo” will be posted on manaba+R.
Fixed exchange rate, Flexible exchange rate, History of exchange rate regime

2

Exchange Rate Regime

Internal balance, External balance, Monetary Trilemma, Misalignment, Volatility

3

Gold Standard

Price-specie-flow mechanism, Rules of the Game, Great Depression

4

The Bretton Woods System

International Monetary Fund, Dollar’s Link to Gold, Smithsonian Agreement

5

Floating exchange rates after the Bretton Woods System

Macroeconomic Independence, Policy Coordination, Global Imbalances

6

European Monetary System

European Integration, Europe’s Snake in the Tunnel, Single Market

7

Optimum Currency Area

Flexibility, Symmetry, Integration

8

Start of the Euro

Monetary Union, Maastricht Treaty, Convergence Criteria

9

Euro Crisis

European Sovereign Debt Crisis, Budgetary Union, Banking Union

10

Asian Financial Crisis of 1997-1998

East Asian Economic Miracle, Capital Account Crisis, Contagion

11

Global Financial Crisis of 2007-2009

Subprime Mortgages, Structured Credit Products, Boom and Bust

12

Japan’s Exchange Rate Regime

Nixon Shock, Amendment of Foreign Exchange Law, Plaza Accord

13

China’s Exchange Rate Regime

Open-Door Policy, Crawling Peg, Managed Floating, RMB Internationalization, Capital Control

14

Monetary and Financial Cooperation in East Asia

Economic Review and Policy Dialogue (ERPD), Chiang Mai Initiative (CMI), ASEAN+3 Macroeconomic Research Office (AMRO)

授業実施形態

14 classes on Face to Face basis.

授業外学習の指示

Be sure that you understand the resumes distributed in the class.

成績評価方法

種別 割合(%) 評価基準等
定期試験（筆記）

レポート試験
（統一締切日を締切とするレポート）

上記以外の試験・レポート、平常点評価
（日常的な授業における取組状況の評価）		 100

Assessments will be based on several short reports or exams with prior notice, in the classroom, or at the page of ‘Assignment’ on the manaba+R, at least three times.

成績評価方法(備考)

受講および研究に関するアドバイス

教科書

教科書(使用頻度、その他補足)

参考書

書名 著者 出版社 ISBNコード 備考
The Economics of European Integration (5th edition) Baldwin, Richard and Charles Wyplosz McGraw-Hill Education ISBN-13: 978-1526847218
International Economics (12th edition) Krugman, Paul R., Maurice Obstfeld, and Marc J. Melitz Pearson Education Limited ISBN-13: 978-1-292-40971-9

参考書(使用頻度、その他補足)

参考になるwwwページ

授業内外における学生・教員間のコミュニケーションの方法

manaba+R,学生との直接対話

備考

【科目ナンバリング・カリキュラムマップはこちらから/Click here to see the Curriculum-Map and Course-Numbering】
URL:https://secure.ritsumei.ac.jp/students/pathways-future/course/curriculum.html/