• No products in the cart.

(

ratings

)

students

Created by:

Profile Photo

Last updated:

December 10, 2022

Duration:

Unlimited Duration

FREE

This course includes:

Unlimited Duration

Badge on Completion

Certificate of completion

Unlimited Duration

Description

This course is an introduction to the economic theories of financial crises

It focuses on amplification mechanisms that exacerbate crises, such as leverage, fire sales, bank runs, interconnections, and complexity. It also analyzes the different perspectives on the origins of crises, such as mistaken beliefs and moral hazard, and discusses the optimal regulation of the financial system. The course draws upon examples from financial crises around the world, especially the recent subprime financial crisis.

14.09 is offered during the Independent Activities Period (IAP), which is a special 4-week term at MIT that runs from the first week of January until the end of the month.

Course Curriculum

  • Understanding Financial Crises: Lessons from History Unlimited
  • Borrowing Constraints and the Net Worth Channel Unlimited
  • Leverage, Fire Sales, and Amplification Mechanisms Unlimited
  • Understanding Banks’ Losses: Moral Hazard or Mistakes Unlimited
  • Liquidity, Part 1: Maturity Mismatch and Banking Panics Unlimited
  • Liquidity, Part 2: Debt, Panics, and Flight to Quality Unlimited
  • Interconnections and Complexity Unlimited
  • Optimal Policy: How to Mitigate or Prevent Crises? Unlimited

About the instructor

0

Instructor Rating

0

Reviews

1520

Courses

1795

Students

Profile Photo
Massachusetts Institute of Technology
Copyright © 2022 OpenCoursa, All Rights Reserved