Financial Crises in History
Code
2169
Academic unit
null
Department
null
Credits
3,5
Teacher in charge
José Álvaro Ferreira da Silva
Teaching language
English
Objectives
The course studies financial crises in a long-term perspective and in different guises: banking, sovereign debt, exchange rate or inflation crises. Its first objective is to examine the factors explaining the outbreak of financial crises, exploring their incidence, transmission, duration and consequences. Common patterns are recognized, tracing a genealogy to the present financial crisis. The second objective explores the policy and institutional responses to crises, surveying the creation and evolution of the lender of last resort, the role of international institutions and cooperation on rescues, or the changing importance of state bailouts.
This course allows a more intelligent understanding of financial systems, of the challenges and potential dangers that excessive debt may foster, as well as constituting a necessary step to any reflection on ways of preventing or overcoming different types of crises.
Prerequisites
Subject matter
Bibliography
Teaching method
The course will be based on lectures, compulsory reading materials, tutorial work with the students, and written assignments. These delivery methods try to develop the different learning outcomes, combining lectures with structured learning, individual compulsory reading and individual, or group tutorial support.
Evaluation method
This information will be provided in the first lecture and available in the Moodle platform when the course will start.