In this master class, we will learn how currency exchange rates are determined by market forces, including factors such as inflation, households' income and interest rates. We will also discuss the pros and cons of a set of countries adopting a single currency, such as the euro in the Eurozone.

Speakers Bio

Jaime P. Luque

Professor Jaime Luque is Associate Professor of Economics at ESCP Business School (Madrid campus), where he holds the BNP Paribas Professorship in Real Estate and serves as Director of the Monaco Real Estate Technology Innovation Program. He is also the Academic Director of the MSc in Real Estate, the MSc in Hospitality and Tourism Management, and the ESCP Institute of Real Estate Finance and Management. Prior to joining ESCP in July 2018, he was Real Estate faculty at the University of Wisconsin-Madison School of Business.

Professor Luque has investigated different issues related to housing affordability, including subprime mortgage lending, Tax Increment Financing (TIF), Low Income Housing Tax Credits (LIHTC), and mixed income communities. His book Affordable Housing Development published by Springer provides insights and practical demonstration of important financial tools often necessary to the financial feasibility of affordable housing projects, including TIF and LIHTC. Professor Luque’s research has been published in journals such as Journal of Economic Theory, Journal of Public Economics, Economic Theory, Real Estate Economics, and Regional Science and Urban Economics. He has also written opinion pieces for the Financial Times, the Huffington Post, Le Monde, El País, El Mundo, Expansion, and La Repubblica, as well as for the Vox.eu, Eurointelligence and The Conversation economics op-ed sites. Professor Luque's teaching specializations include real estate finance, real estate economics, urban economics, and macroeconomics. He has taught in the MBA, MSc and BBA programs. Professor Luque is the recipient of the 2017 Ideas Worth Teaching Award by The Aspen Institute Business and Society Program for his educational innovations to address affordable housing development.