- Department: Economics and Related Studies
- Credit value: 20 credits
- Credit level: H
- Academic year of delivery: 2024-25
- See module specification for other years: 2023-24
This module explores the recurrence of financial crises in the international economy from a long-period perspective.
Pre-requisite modules
Co-requisite modules
- None
Prohibited combinations
- None
pre-requisite - principles of economics
Occurrence | Teaching period |
---|---|
A | Semester 1 2024-25 |
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
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
Task | % of module mark |
---|---|
Closed/in-person Exam (Centrally scheduled) | 100 |
None
Task | % of module mark |
---|---|
Closed/in-person Exam (Centrally scheduled) | 100 |
Feedback will be provided in line with University policy
B. Eichengreen, Globalising Capital: A History of the International Monetary System, Princeton University Press 2022.
C. Kindleberger, Manias, panics and crashes: A history of financial crises, Palgrave MacMillan 2015.
K. Rogoff and C. Reinhart, This time is different! Eight centuries of financial follies, Princeton University Press 2010