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This course addresses policy issues in emerging markets with a particular focus on financial crises and their implications. Over the last several years, we have witnessed a number of episodes of financial distress often leading to macroeconomic chaos, particularly in emerging markets. Financial fragility and market distress can come in many forms: Currency crises, banking crises, debt crises, or a mix of two or more of these crises. The purpose of this course is to provide students with frameworks and tools for analyzing the causes and consequences of financial fragilities and crises, as well as the policy responses they entail. To this end, the course will mix economic theory, country experiences, and actual policy responses to provide an in-depth understanding of the boom-bust cycles characteristic of emerging market economies. The course will also address the 2008 financial crisis, drawing on aspects that make this particular episode stand out from previous instances of turmoil. Emerging market policy responses to the 2008 crisis, as well as the effects on these countries of unconventional policy stimulus adopted by developed economies will also be discussed. <a href="http://bit.ly/1bebp5s" target="_blank">Click here to see evaluations, syllabi, and faculty bios</a>