Course 2012-2013 a.y.

Go to class group/s: 31

CLMG (6 credits - II sem. - OP  |  SECS-P/01) - M (6 credits - II sem. - OP  |  SECS-P/01) - IM (6 credits - II sem. - OP  |  SECS-P/01) - MM (6 credits - II sem. - OP  |  SECS-P/01) - AFC (6 credits - II sem. - OP  |  SECS-P/01) - CLAPI (6 credits - II sem. - OP  |  SECS-P/01) - CLEFIN-FINANCE (6 credits - II sem. - OP  |  SECS-P/01) - CLELI (6 credits - II sem. - OP  |  SECS-P/01) - ACME (6 credits - II sem. - OP  |  SECS-P/01) - DES-ESS (6 credits - II sem. - OP  |  SECS-P/01) - EMIT (6 credits - II sem. - OP  |  SECS-P/01)

Course Director:
DONATO MASCIANDARO

Course Objectives

The depth and breadth of the financial crisis motivates a reconsideration of financial regulation and within that the role of the central banks. The course analyzes the evolution of regulation and supervision of banking and financial markets with specific attention to Europe and US in order to identify main features, causes and effects. Regulation is considered as the outcome of interaction between the demand for rules, which responds to public needs, and the supply of regulation and supervision, which depends from the cost and benefits analysis of politicians, regulators and central bankers. The methodology uses recent results from economics, institutional and empirical analysis.

Course Content Summary

Part I: Central Banking and Supervision

• Monetary Policy, Banking and the Financial Crisis of 2008
• Public Goals. Lobbies, Politicians and Supervisors
• A Special Supervisor: the Central Bank
• Supervision: Theory and Institutions
• Supervision: Empirical Analysis

Part II: Regulation

• Regulation and the market mechanism in finance
• Re-regulation after the crisis: technical and political issues
• Monetary and financial macro-prudential rules

Detailed Description of Assessment Methods

Written exam

Textbooks

Textbooks are available online starting from the beginning of the lessons.

Exam textbooks & Online Articles (check availability at the Library)

Last change 29/03/2012 16:29