This course studies the causes, consequences and policy implications of recent financial crises. It studies key theoretical concepts of international finance such as exchange-rate regimes, currency boards, common currency, banking and currency crises. The course will describe and analyze several major episodes of financial crises, such as East Asia, Mexico and Russia in the 1990s, Argentina in the early 2000s, the U.S. and Greece in the late 2000s, and others in recent years.