Universität Wien FIND

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

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work

Registration/Deregistration

Details

max. 50 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

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

Information

Aims, contents and method of the course

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

Assessment and permitted materials

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.

Minimum requirements and assessment criteria

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.

Examination topics

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

Reading list

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.

Association in the course directory

Last modified: Mo 07.09.2020 15:29