Financial Intermediation and Crises
ECON 333
Spring 2025
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01
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This course applies economic theory to understand the functions and fragility of financial intermediation. The main focus of this course is to learn theoretical models of strategic interactions among economic agents to examine the causes and amplification mechanisms of banking crises. Through the lens of the models, we will discuss how to interpret the recent episodes of banking crises. We will then use the models to evaluate the effectiveness of various government policies in decreasing fragility. These concepts apply not only to traditional depository institutions but also to shadow banks and digitization. |
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| Credit: 1 |
Gen Ed Area Dept:
SBS ECON |
| Course Format: Lecture / Discussion | Grading Mode: Graded |
| Level: UGRD |
Prerequisites: ECON301 |
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Fulfills a Requirement for: (ECON-MN)(ECON) |
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Past Enrollment Probability: 50% - 74% |
| SECTION 01 |
Major Readings: Wesleyan RJ Julia Bookstore
Allen and Gale (2009), ¿Understanding Financial Crises¿, Clarendon Lectures in Finance, Oxford University Press, ISBN: 9780199251421
Xavier Freixas and Jean-Charles Rochet, ¿Microeconomics of Banking,¿ The MIT Press, ISBN: 9780262062701
I will provide the list of additional references in class.
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Examinations and Assignments:
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Additional Requirements and/or Comments:
Evaluations: Participation, Homework, Presentations, and Exams |
| Instructor(s): Izumi,Ryuichiro Times: ..T.R.. 02:50PM-04:10PM; Location: PAC002; |
| Total Enrollment Limit: 23 | | SR major: 12 | JR major: 11 | | |
| Seats Available: 0 | GRAD: X | SR non-major: 0 | JR non-major: 0 | SO: 0 | FR: 0 |
| Drop/Add Enrollment Requests | | | | | |
| Total Submitted Requests: 14 | 1st Ranked: 5 | 2nd Ranked: 7 | 3rd Ranked: 2 | 4th Ranked: 0 | Unranked: 0 |
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