ECON 510 Spring 2015 Financial Development and Regulation

This course focuses on the financial system and its role in economic development. The first part explores the functions of finance, how it contributes to growth, and reviews different models of financial sector development and their influence on how governments viewed the sector. It will examine experiences with financial sector repression and subsequent liberalization, and investigate the causes and impact of financial crises. Then it will study how to make finance effective and how to prevent or minimize crises, analyzing government's role as regulator, supervisor, standard setter, contract enforcer, and owner. In this final part, attention will be devoted to the role of institutions (laws, norms, culture) and incentives in financial sector development.
Class Format: lecture/discussion
Requirements/Evaluation: midterm, group presentation, short critique, and a final exam
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Prerequisites: for undergraduates, POEC 253 or ECON 255; undergraduate enrollment limited and requires instructor's permission
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Divisional Attributes: Division II
Other Attributes: INST Economic Development Studies Electives,POEC Comparative POEC/Public Policy Courses
Enrollment Limit: 25
Expected Enrollment: 20-25
Class Number: 3507
ECON 510 - 01 (S) LEC Financial Development&Regultn Division 2: Social Studies Gerard Caprio
MW 11:00 AM-12:15 PM CDE 3507
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