Universität Wien FIND

040345 KU Advanced BA/CF/FM: Financial Crises (MA) (2018W)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Prüfungsimmanente Lehrveranstaltung

Details

max. 50 Teilnehmer*innen
Sprache: Englisch

Lehrende

Termine (iCal) - nächster Termin ist mit N markiert

Montag 01.10. 16:45 - 18:15 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
Montag 08.10. 16:45 - 18:15 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
Montag 15.10. 16:45 - 18:15 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
Montag 22.10. 16:45 - 18:15 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
Montag 29.10. 16:45 - 18:15 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
Montag 05.11. 16:45 - 18:15 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
Montag 12.11. 16:45 - 18:15 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
Montag 19.11. 16:45 - 18:15 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
Montag 26.11. 16:45 - 18:15 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
Montag 03.12. 16:45 - 18:15 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
Montag 10.12. 16:45 - 18:15 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
Montag 07.01. 16:45 - 18:15 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
Montag 14.01. 16:45 - 18:15 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
Montag 21.01. 16:45 - 18:15 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
Montag 28.01. 16:45 - 18:15 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock

Information

Ziele, Inhalte und Methode der Lehrveranstaltung

This course provides an introduction to financial crises. The course will focus on three types of financial crises and the interconnections that exist between: (i) banking crises, (ii) currency crises and (iii) sovereign debt crises. The course will include a broad historical overview of past financial crises, from early 20th century banking crises up to the 2007/08 Global Financial Crisis and subsequent Eurozone Sovereign Debt Crisis . The main part of the course will be devoted to analyzing recent economic models of financial crises. The methodology will be primarily game theoretic, with a particular emphasis on coordination and global games.

Topics covered in the course will include:

1. Maturity and Liquidity Mismatch

2. Bank Runs and Deposit Insurance

3. Fire Sales, Adverse Selection and Market Freezes

4. Sovereign Debt and the Sovereign-Banking Nexus

5. Balance-of-Payments and Twin Crises

6. Global Games of Regime Change

7. Government Guarantees and Moral Hazard

Art der Leistungskontrolle und erlaubte Hilfsmittel

The final grade will be based on written exams, homework exercises and class presentations. The exact details of the grading methodology will be announced in the first class.

Mindestanforderungen und Beurteilungsmaßstab

Students are expected to have completed the compulsory Banking and Financial Intermediation I and Game Theory and Information Economics courses. Students are also expected to have completed undergraduate mathematics courses in multivariable differential calculus and single variable integral calculus.

Prüfungsstoff

The structure and topics of the exam will be announced in the first class.

Literatur

A detailed syllabus and reading list will be provided in the first class. Recommended general readings include:

1. Allen, Franklin, and Douglas Gale. Understanding Financial Crises. Oxford University Press, 2009.

2. Eichengreen, Barry. Globalizing Capital: A History of the International Monetary System. Princeton University Press, 2008

3. Razin, Assaf. Understanding Global Crises: An Emerging Paradigm. MIT Press, 2014.

Zuordnung im Vorlesungsverzeichnis

Letzte Änderung: Mi 13.03.2019 11:07