ECON 16
AIG and the Global Financial Crisis
Last Offered n/a

This course is not offered in the current catalog

Class Details

Focusing particularly on the role of derivatives, and particularly the credit default swaps created and sold by AIG, in the unfolding global financial crisis, this course will give an overview of the development and growth of the principal types of U. S. financial institutions (commercial banks and thrifts, securities firms, insurance companies, hedge funds, etc.), the historical development of U.S. and foreign regulation of these institutions, comparisons with the thrift crisis and the Long Term Capital Management debacles of the 1990’s, the importance of addressing global systemic risk more comprehensively and effectively, and the current proposals and prospects for doing so. The course will include selective readings from a number of books and articles on the subject. We anticipate inviting a number of current and former private and public sector participants in the current crisis, as well as commentators on possible changes in the system. The course is intended to help interested students understand more about the development of the U. S. financial system and the significance of the current crisis to jobs and the economy. The format will be lecture and discussion.
The Class: Format: WSP Project
Grading:
Requirements/Evaluation: active class participation and debate, including class presentation and defense of short written papers on various aspects of the subject. There will be no written tests or final examination
Extra Info: Meeting time: mornings
Extra Info 2: William Bowden '66 is recently retired senior lawyer with a number of major financial institutions and the U.S. Treasury Department who has had extensive experience with the subject matter and has been a frequent speaker before various industry groups an
Prerequisites: none
Materials/Lab Fee: none

Class Grid

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