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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, as well as empirical analyses of these crises. Part of the course is dedicated to theoretical models useful in analysis of financial crises.
The course has associated website with further information and all materials: https://sites.google.com/site/htfinancialcrises/home The course will be opened each 2nd year, next in AY SS 2023/24. Poslední úprava: Kovář Kamil, M.A., Ph.D. (02.03.2024)
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Please switch to the english version. Poslední úprava: SCHNELLEROVA (25.10.2019)
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Please switch to the english version. Poslední úprava: SCHNELLEROVA (25.10.2019)
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[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)
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Please switch to the english version. Poslední úprava: SCHNELLEROVA (25.10.2019)
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Course contents 1. Global financial crisis of 2007-2008 (5 classes) 2. European sovereign debt crisis (3 classes) 3. Financial intermediary theory, banks and bank runs (3 classes) 4. Theory of financial crises (1 class) 5. Macroeconomic developments since 2007 (1 class) Poslední úprava: Kovář Kamil, M.A., Ph.D. (02.03.2024)
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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)
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