Recent Financial Crises: Theory and Evidence - JEB152

• Anglický název: Recent Financial Crises: Theory and Evidence
• Český název: Recent Financial Crises: Theory and Evidence
• Zajišťuje: Institut ekonomických studií (23-IES)
• Fakulta: Fakulta sociálních věd
• Platnost: od 2025
• Semestr: letní
• E-Kredity: 5
• Způsob provedení zkoušky: letní s.:kombinovaná
• Rozsah, examinace: letní s.:2/0, Zk [HT]
• Počet míst: 97 / neurčen (neurčen)
• Minimální obsazenost: neomezen
• 4EU+: ne
• Virtuální mobilita / počet míst pro virtuální mobilitu: ne
• Stav předmětu: vyučován
• Jazyk výuky: angličtina
• Způsob výuky: prezenční
• Poznámka: předmět je možno zapsat mimo plán; povolen pro zápis po webu; při zápisu přednost, je-li ve stud. plánu
• Garant: PhDr. Ing. Martin Janíčko, Ph.D.; Kamil Kovář, M.A., Ph.D.
• Vyučující: PhDr. Ing. Martin Janíčko, Ph.D.; Kamil Kovář, M.A., Ph.D.
• Třída: Courses for incoming students
• Prerekvizity : JEB102

Anotace

The purpose of the course is to familiarize students with a detailed narrative of the Global Financial Crisis of 2007–2008 and the European Sovereign Debt Crisis of 2010–2015, including key empirical analyses of these events. A substantial part of the course is also devoted to theoretical models that are useful for understanding and analyzing financial crises.

The course has an associated website with further information and all materials:

https://sites.google.com/site/htfinancialcrises/home

(The access sometimes does not work from school servers.)


The course will be taught partly in a hybrid format. During the first half of the semester, students will be provided with video recordings of lectures to watch independently. We will then meet in class once every two weeks to discuss the topics covered in the videos. The course is offered every two years; the next offering will be in the summer semester of the 2025/26 academic year.

Poslední úprava: Kovář Kamil, M.A., Ph.D. (04.04.2026)

Cíl předmětu

čeština

Please switch to the english version.

Poslední úprava: SCHNELLEROVA (25.10.2019)

angličtina

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, and macroprudential measures following the GFC.

 

 

 

Poslední úprava: Janíčko Martin, PhDr. Ing., Ph.D. (28.02.2026)

Deskriptory

čeština

Please switch to the english version.

Poslední úprava: SCHNELLEROVA (25.10.2019)

angličtina

Course contents

1. Evolution of global financial crisis of 2007-2008 (3 classes)

2. Anatomy of global financial crisis (2 classes)

3. Role of Banks and Financial Intermediary Theory: Classical and Modern Approach (1 class)

4. Model of bank runs (2 classes)

4. Theory of financial crise: classical, modern and behavior contributions (3 classes)

6. European sovereign debt crisis (2 classes)

For mode details see course site at https://sites.google.com/site/htfinancialcrises/about-the-course.

 

 

Poslední úprava: Kovář Kamil, M.A., Ph.D. (09.02.2026)

Literatura

čeština

[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.

Poslední úprava: Bednařík Petr, PhDr., Ph.D. (15.02.2020)

angličtina

[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.

[10] Hyman Minsky: Stabilizing an Unstable Economy. McGraw-Hill Professional, 2008 (1986).

Poslední úprava: Janíčko Martin, PhDr. Ing., Ph.D. (28.02.2026)

Požadavky ke zkoušce

čeština

Please switch to the english version.

Poslední úprava: SCHNELLEROVA (25.10.2019)

angličtina

Requirement type

Class participation 30%

Final test 70%

Total 100%

Poslední úprava: Kovář Kamil, M.A., Ph.D. (09.02.2026)

Sylabus

Course contents

1. Evolution of global financial crisis of 2007-2008 (3 classes)

2. Anatomy of global financial crisis (2 classes)

3. Role of Banks and Financial Intermediary Theory (1 class)

4. Model of bank runs (2 classes)

5. Theory of financial crises: classical, modern and behavioral contributions (2 classes)

6. Selected macroprudential measures following the GFC (1 class)

7. European sovereign debt crisis (2 classes)

For mode details see course site at https://sites.google.com/site/htfinancialcrises/about-the-course.

Poslední úprava: Janíčko Martin, PhDr. Ing., Ph.D. (28.02.2026)

Vstupní požadavky

The theoretical parts will use standard maximization toolkit used in intermediate microeconomics (e.g. JEB104/108). Knowing such toolkit is prerequisite for this course. The relevant textbook is Varian or Nicholson-Snyder. Understanding of empirical methods (econometrics), basic macroeconomics and game theory, while not essential, will be a plus.

Poslední úprava: Kovář Kamil, M.A., Ph.D. (05.02.2020)