• Student home
• Things to know this week
• Student news
• Student events
• New students' welcome
• Studying at York
  • Semesters
  • Teaching hours
  • Enrolment
  • Manage your studies
    • Enrol or re-enrol
    • Your student record
    • Your timetable
    • Change your plan
    • Programmes and modules
      • Programme specifications
      • Studying beyond your department
      • Module catalogue
    • University study spaces
  • Student Visa holders
  • Study skills
  • Assessment and examination
  • Academic progress issues
  • Graduation
• Support and advice
• Health and wellbeing
• Work, volunteering and career planning
• Study and work abroad
• Accommodation
• IT and online services
• Finance
• Student life in York
• If things go wrong
• Student Centre

Bubbles, Panics & Crashes: A Long Period Assessment of the Causes & Consequences of Financial Crises - ECO00018H

« Back to module search

• Department: Economics and Related Studies
• Module co-ordinator: Dr. Matthias Morys
• Credit value: 20 credits
• Credit level: H
• Academic year of delivery: 2021-22
  • See module specification for other years: 2022-23

Related modules

Module will run

Occurrence	Teaching period
A	Autumn Term 2021-22

Module aims

To introduce students to the:

• Recurrent nature of financial crises
• Nature and causes of speculative booms
• Importance of the role of the lender of last resort
• Role played by regulation, liquidity and credit constraints
• Extent to which monetary expansion underpins such crises

To enable students to:

• Evaluate the economic cost of such crises
• Appreciate how, in given time periods, policy responses may or may not have been appropriate

Module learning outcomes

On completing the module, students will have a clearer understanding of the:

• Recurrent nature of financial crises
• Nature and causes of speculative booms
• Importance of the role of the lender of last resort
• Role played by regulation, liquidity and credit constraints
• Extent to which monetary expansion underpins such crises
• Economic cost of such crises, and
• How, in given time periods, policy responses may or may not have been appropriate

Assessment

Task	Length	% of module mark
Online Exam - 24 hrs (Centrally scheduled) Bubbles, Panics & Crashes	8 hours	100

Special assessment rules

None

Reassessment

Task	Length	% of module mark
Online Exam - 24 hrs (Centrally scheduled) Bubbles, Panics & Crashes	8 hours	100

Module feedback

Information currently unavailable

Indicative reading

Carmen M. Reinhart & Kenneth S. Rogoff. This Time Is Different: Eight Centuries of Financial Folly. Princeton: Princeton University Press, 2009.
Charles P. Kindleberger and Robert Z. Aliber. 2011. Manias, panics and crashes : a history of financial crises. 6th Edition. Basingstoke, Hampshire: Palgrave Macmillan, 2011.