Why are banks susceptible to financial crises? This course studies the mechanisms behind banking crises as an introduction to the microeconomics of banking. Motivated by a survey on historical and empirical evidence on banking crises, we will study why an economy needs financial intermediation and why such intermediaries face crises. Based on these analyses, the last part of the course will discuss optimal design of financial regulation on banking systems. This course will also discuss topics such as recent developments in shadow banking and digital currencies.
||Gen Ed Area Dept:
|Course Format: Lecture / Discussion||Grading Mode: Graded|
||Fulfills a Major Requirement for: (ECON-MN)(ECON)
||Past Enrollment Probability: 75% - 89%
|Major Readings: Wesleyan RJ Julia Bookstore
A series of articles and book chapters that will be assigned by the Professor.
|Examinations and Assignments: |
problem sets, an in-class midterm, a final exam, short essay, and group presentation.
|Additional Requirements and/or Comments: |
|Instructor(s): Izumi,Ryuichiro Times: ..T.R.. 01:20PM-02:40PM; Location: JUDD116; |
|Total Enrollment Limit: 30||SR major: 10||JR major: 10|| || |
|Seats Available: 4||GRAD: X||SR non-major: 5||JR non-major: 5||SO: 0||FR: 0|
|Drop/Add Enrollment Requests|
|Total Submitted Requests: 1||1st Ranked: 0||2nd Ranked: 0||3rd Ranked: 0||4th Ranked: 0||Unranked: 1|