ECON 390
Financial Crises: Causes and Cures Spring 2019 Division II; Writing-Intensive; Cross-listed as ECON536 / ECON390

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Financial crises have been with us for as long as banking has existed. Why are crises such a regular fixture of societies, and what can be done to prevent them, or at least reduce their cost? Topics examined include bubbles and swindles, especially when these spillover to the broader macroeconomy; the role of information in banking in normal times and in bank runs; boom-bust cycles in asset markets; international contagion; crisis resolution techniques; and the extensive history of attempts to improve regulation so as to reduce the frequency and cost of crises. Crises in developing and developed economies from the South Sea Bubble to the Euro Crisis will be examined, and the role of political economy factors in their run-up and resolution will be featured.
The Class: Type: tutorial
Limit: 10
Expected: 10
Class#: 3211
Requirements/Evaluation: students will write 5-6 papers during the term, and will prepare and deliver formal comments on 5-6 papers written by other students
Extra Info: may not be taken on a pass/fail basis; not available for the fifth course option
Prerequisites: ECON 252 and 255
Enrollment Preference: Economics majors
Distributions: Division II; Writing-Intensive;
Attributes: POEC Comparative POEC/Public Policy Courses;

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