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1) Analyze the overall functioning of international financial markets, in particular the mutual links between the financial system on the one hand and the general economy on the other
2) Compare and contrast bank-based financial systems with market-based financial systems
3) Apply heterodox economic theories on recent developments in international financial markets, specifically the new institutional perspective
4) Apply advanced economic models on international financial markets and evaluate the usefulness of these models to interpret recent developments in international financial markets
5) Put the causes of financial crises in a historical context and those of the credit crisis in particular
6) Evaluate recent policy interventions of governments and supranational organization to improve the overall functioning of international financial markets, including the institutionalization of CCP’s, the implementation of Basel IV, and the establishment of the Target 2 system
7) Apply and evaluate your self-reliance skills, particularly related to your academic and professional career.
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The aim of the course is to provide insight into the functioning of international financial markets and the interaction between these markets and international macroeconomic developments. The course has two general themes to cover the material. The first part of the course discusses how international financial markets are supposed to operate, for instance, the rationale for countries to have various financial systems (e.g., market based and bank based). The second part of the course deals with financial crises, predominantly the last financial crisis and the recent policy interventions of governments and supranational organizations (e.g., IMF) to improve the overall functioning of international financial markets.
In general, the course deals with the overall functioning of the financial system and in particular financial markets. The course has two general themes to cover the material. The first part of the course discusses how international financial markets are supposed to operate, for instance, the rationale for countries to have various financial systems (e.g., market based and bank based). The second part of the course deals with financial crises, predominantly the last financial crisis and the recent policy interventions of governments to improve the overall functioning of international financial markets
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| Bachelor's degree in Economics or equivalent. Students should have a good knowledge of mathematics: first order derivation, recursive substitution, and net present value. |
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| We test whether you have obtained the intended learning outcomes with the help of a written exam and several (bonus) assignments. The written exam comprises of two parts in according with the general structure of the course and covers the topics discussed during the lectures. The first part of the exam questions you about ILO 1-4 and the second part of the exam covers ILO 4-6.
Furthermore, we invite you to participate in a case study that activates you to convert your scientific knowledge about the international financial markets into a policy paper. The grade that you obtain for this case study will be added as bonus points to your final grade for this course. The goal of this case study is to train you in order to reach ILO 7.
Grades obtained from last year (e.g., written exam or case study) will not be valid in the next year. |
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