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 Bubbles, Panics & Crashes
N/A
100
Special assessment rules
None
Reassessment
Task
Length
% of module mark
Online Exam Bubbles, Panics & Crashes
N/A
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.
Coronavirus (COVID-19): changes to courses
The 2020/21 academic year will start in September. We aim to deliver as much face-to-face teaching as we can, supported by high quality online alternatives where we must.
Find details of the measures we're planning to protect our community.