ECON 510
Financial Development and Regulation Spring 2022
Division II
Cross-listed ECON 352 / ECON 510

Class Details

This course focuses on the financial system in developing countries and its role in economic development. The first part explores the functions of finance, how it contributes to growth and poverty alleviation, as well as examining what can be done to increase financial inclusion. What are the key parts of the infrastructure that are needed to improve access to financial services, including via ‘fintech,’ which is taking off in many developing countries? We will look at experiences with financial sector repression and subsequent liberalization and investigate the causes and impact of financial crises. Then we will study how to make finance effective in dealing with a variety of risks facing societies, including aging and climate change. A key focus will be 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.
The Class: Format: lecture; discussion
Limit: 25
Expected: 20-25
Class#: 3486
Grading: no pass/fail option, yes fifth course option
Requirements/Evaluation: Midterm, participation in class discussion and formal in-class debates, and a final research paper.
Prerequisites: For undergraduates, Econ 110, 120, and POEC 253 or ECON 255; undergraduate enrollment limited and requires instructor's permission
Enrollment Preferences: CDE students, as well as undergraduates interested in the role of the financial system in low and middle-income countries.
Distributions: Division II
Notes: This course is cross-listed and the prefixes carry the following divisional credit:
ECON 352 Division II ECON 510 Division II
Attributes: GBST Economic Development Studies Electives
POEC Comparative POEC/Public Policy Courses

Class Grid

Updated 5:56 pm

Course Catalog Search


(searches Title and Course Description only)
TERM




SUBJECT
DIVISION



DISTRIBUTION



ENROLLMENT LIMIT
COURSE TYPE
Start Time
End Time
Day(s)