Excerpt from course description

Financial Institutions and Crises

Introduction

This course seeks to provide a comprehensive overview of international credit markets and some of the important crises that have occurred in the last century (esp. 1930s and the 2008 financial crisis). It covers the financial instrument and institutions that exist and operate in credit markets, with a special emphasis on the role of banks, but also considers other financial institutions such as mutual funds, hedge funds, and government sponsored entities.  Credit provision in the form of bank lending, securitization and structured financial products such as credit derivatives and CDOs will be studied. The role of government subsidies and regulations, and how these may impact market participants incentives and behaviour will also be adressed.
The course contains a mix of theory, institutional aspects and case studies of actual events.

Course content

(Details may vary from year to year)

  1. Credit markets and asymmetric information
  2. Banks and other financial intermediaries
  3. Securitization and credit derivatives
  4. Government subsidies and regulations
  5. Major financial crises (recent and historical)
  6. Case study(ies)

Disclaimer

This is an excerpt from the complete course description for the course. If you are an active student at BI, you can find the complete course descriptions with information on eg. learning goals, learning process, curriculum and exam at portal.bi.no. We reserve the right to make changes to this description.