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Course, academic year 2019/2020
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Recent Financial Crises: Theory and Evidence - JEB152
Title in English: Recent Financial Crises: Theory and Evidence
Guaranteed by: Institute of Economic Studies (23-IES)
Faculty: Faculty of Social Sciences
Actual: from 2019
Semester: summer
Points: 5
E-Credits: 5
Examination process: summer s.:combined
Hours per week, examination: summer s.:2/0 Ex [hours/week]
Capacity: unlimited / unknown (unknown)
Min. number of students: unlimited
State of the course: taught
Language: English
Teaching methods: full-time
Note: course can be enrolled in outside the study plan
enabled for web enrollment
priority enrollment if the course is part of the study plan
Guarantor: Kamil Kovář, M.A.
PhDr. Mgr. Martin Janíčko
Teacher(s): PhDr. Mgr. Martin Janíčko
Kamil Kovář, M.A.
Pre-requisite : JEB102
Aim of the course
Last update: Ing. Dagmar Schnellerová (17.08.2018)

The purpose of the course is to familiarize students with the detailed narrative of the Global financial crisis of 2007-2008 and the European sovereign debt crisis of 2010-2015. Part of the course is dedicated to theoretical models useful in analysis of financial crises.



Last update: Ing. Dagmar Schnellerová (17.08.2018)

Course contents

1. Financial crisis of 2007-2008 (3 classes)

2. Financial intermediary theory, banks and bank runs (3 classes)

3. Theory of financial crises (1 class)

4. European sovereign debt crisis (3 classes)

5. Government finances and sovereign debt crises (1 class)

6. Macroeconomic developments since 2007 (2 classes)

Last update: Ing. Dagmar Schnellerová (17.08.2018)

[1] Gary B Gorton. Slapped by the invisible hand: The panic of 2007. Oxford University Press, 2010.

[2] Gary Gorton and Andrew Metrick. Getting up to speed on the financial crisis: A one-weekend-

reader’s guide. Journal of Economic Literature, 50(1):128–50, 2012.

[3] Viral V. Acharya and Matthew Richardson. Causes of the financial crisis. Critical Review, 21(2-

3):195–210, 2009.

4] Richard Baldwin, T Beck, A Bnassy-Qur, O Blanchard, G Corsetti, P de Grauwe, W den Haan, F Giavazzi, D Gros, and S Kalemli-Ozcan. Rebooting the eurozone: Step 1agreeing a crisis narra- tive. CEPR Policy Insight, 85:1–15, 2015.

[5] Franklin Allen and Douglas Gale. Understanding Financial Crises. OUP Catalogue. Oxford Uni-

versity Press, 2009. 9780199251421.

[6] Xavier Freixas and Jean-Charles Rochet. Microeconomics of banking. MIT press, 2008.

[7] Raghuram G Rajan. Fault lines: How hidden fractures still threaten the world economy. Princeton

University Press, 2011.

[8] Jean Pisani-Ferry. The Euro crisis and its aftermath. Oxford University Press, USA, 2014.

[9] Jean Tirole. The theory of corporate finance. Princeton University Press, 2010.

Requirements to the exam
Last update: Ing. Dagmar Schnellerová (17.08.2018)

Requirement type Daily attendance
Active lecture participation 10%
Midterm test 30%
Final test 60%
Total 100%

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