Courses Master Display 2015-2016

Course Description To PDF
Course title Economics of Financial Crises
Course code EBC4152
ECTS credits 6,5
Assessment Whole/Half Grades
Period Start End Mon Tue Wed Thu Fri
4 1-2-2016 1-4-2016 X X
Level Advanced
Coordinator Tom van Veen
For more information:
Language of instruction English
The objectives of the course are threefold. First, students learn the different notions of the concept of “financial crisis”. In particular, they deal with the theoretical and operational criteria for banking, currency, stock market and debt crises. In a second step, the causes for financial turmoil are scrutinized. A particular attention will be paid to the non-fundamental cause of the crisis such as self-fulfilling prophesies, contagion and moral hazard. In a third step, the optimal reactions (macroeconomic policies, regulation, supervision practices,…) will be analysed. Students following this course get a global (macroeconomic and financial) perspective of financial crises.
1-PBL part
1- Financial crises definition and measurement.
2- Origins of the crises.
3- Treatments; International Financial structure
Textbook (Allen and Gale “Understanding financial crises”) and articles:
2-Analysis of the major financial crises
Teaching methods (indicative; course manual is definitive) PBL / Presentation / Lecture
Assessment methods (indicative; course manual is definitive) Participation / Written Exam / Oral Exam
Evaluation in previous academic year For the complete evaluation of this course please click "here"
This course belongs to the following programmes / specialisations
Master Financial Economics Electives