Case Study (Financial Crisis)

Instructors

UEDA Kenichi

Term / Language / Credits

A1A2 / English / 2

Objectives

Become capable of reading theoretical and empirical analyses on financial crises at the level often discussed among international policy experts.
• To build the capacity to understand policy issues on crises.
• To be familiar with major theoretical arguments and empirical methods.
• To improve policy discussion skills:
o Presenting (advertising/defending)
o Serving as discussant (praising/criticizing)
o Open-floor discussions (involving others)

Keywords

financial crisis, credit booms and busts, bank regulations, macro-prudential regulations

Schedule

- Students will present chapters from Financial Crisis: Causes, Consequences, and Policy Responses and possibly a few other papers.
- One student will be assigned to formally present each chapter (or a paper) and another will be assigned to formally discuss it. Afterwards, there will be floor discussions for the chapter/paper, which all students are expected to lively participate in.
- A few lectures will be also given over the course.

Teaching Methods

Lecture; Student's formal presentation and formal discussion; open floor discussions.

Grading

Presentation, class participation, and report.

Required Textbook

Claessens, Stijn, M. Ayhan Kose, Luc Laeven, and Fabian Valencia ed., 2014, Financial Crisis: Causes, Consequences, and Policy Response, International Monetary Fund (Washington, D.C.)

Notes on Taking the Course

Good understanding of micro and macroeconomics as well as statistical methods/econometrics are necessary. Prerequisites are Microeconomics, Macroeconomics, and Statistical Methods (or their equivalents). Recommend to take International Financial Policy.

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