This unit provides a systematic overview of the timeline of events leading up to the financial crisis and the macroeconomic policy responses that ensued. It outlines the development of sophisticated financial products and explains how they contributed to financial instability. This unit identifies failures in financial risk measurement and management, weaknesses and gaps in the regulatory design/infrastructure and supervisory failures. It also constructs a cogent list of lessons learned and assesses the pending reform proposals. In addition, those reforms that have already been enacted are thoroughly reviewed and critiqued. -- Course Website
Instructor: Associate Professor Robert Trevor
Prerequisites: Admission to MFinReg
