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international finance

This is the page for Caroline Bradley’s International Finance Class at the University of Miami. My aim in this class is to study current issues relating to international financial activity. This is a very broad subject area, and the coverage of the class does vary from year to year in light of changing circumstances. In Spring 2024 this is a concentrated 2 credit class taught in the second half of the semester.

We will be meeting on Mondays and Wednesdays at 9 am in Room F300, beginning on Monday March 18. We will have 11 class sessions. I have organized the readings to give you a sense of some of the issues in international finance, particularly issues that are current. In a 2 credit class, rather than the 3 credit class I usually teach, we need to be a bit more focused. And I am trying not to overwhelm you with reading, though I imagine you may not entirely think I have succeeded! I do not assume existing knowledge in this class, but some of the terminology may be new to you, and there are a lot of detailed rules in areas we touch on that are really beyond the scope of the class (such as the details of bank capital adequacy regulation).

The exam for this class will be a take-home examination you may take in any 8 hour block of time during the entire exam period.

Here are the Class Policies

Here are the readings for the first week of class:

Class Monday March 18: Framing the class and a focus on the IMF and AML/CFT issues
Introduction to the Course: Materials for Class on Monday March 18, 2024
International Monetary Fund, 2023 Review of The Fund’s Anti-Money Laundering and Combating The Financing of Terrorism Strategy (December 5, 2023)
In this first class session I would also like to get a sense of your backgrounds and interests.

Class Wednesday March 20
Implementing AML/CFT Standards and Controlling Corruption: Materials for Class on Wednesday March 20, 2024
Note: In this document I refer to the Corporate Transparency Act, which was held to be unconstitutional in National Small Business Association v Yellen (N.D. Ala. 2024) on the basis that it exceeded Congress’ authority. You can read the judgment here although this is not assigned reading for this class.
The following are assigned readings for class:
StAR & World Economic Forum Partnering Against Corruption Initiative (PACI), The Role and Responsibilities of Gatekeepers in the Fight against Illicit Financial Flows: A Unifying Framework (Jun. 2, 2021)
SEC Cease and Desist Order against Credit Suisse (Oct. 2021)

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