FIN-435 Financial Crises: Panics, Pandemic & the Aftermath
This course analyzes the origins and consequences of various historic and contemporary global and regional financial crises, panics and crashes from diverse economic, financial policy and political perspectives. The course will offer students the opportunity to investigate the causes, chain of events, policy responses, and aftermath of recent crises including the COVID-19 pandemic, Great Financial Crisis of 2008 - 2009, DotCom Collapse of 2000, the Russian Ruble Default and Asian Currency Crisis of 1998. Additionally, students will explore historical asset bubbles, hyperinflations, currency collapses, financial institutions failures and nations on the brink. Among the main topics covered are asset pricing, business cycles, behavioral finance, hedging strategies, inflation, financial engineering, risk management and the role of financial intermediaries, central banks and government agencies in global markets. Discussions will also focus on mechanisms that amplify and exacerbate crises, such as leverage, fire sales, bank runs, moral hazard, capital market interconnectivity, and complexity. Throughout the semester, students will monitor markets on a real-time basis using the Bloomberg Terminal.
Prerequisite
FIN 200 and Junior standing.