4.0

credits

Average Course Rating

This course presents and discusses the literature - both in economics and history - on financial and monetary history, especially of Europe and the United States, but also of developing countries, with a focus on the 19th and 20th centuries. In particular, we will discuss the interdependence of public debt and financial markets; the role of the banking system in financing the real economy; how financial crises are inherent to capitalism and have very important real-world consequences; and how institutions and politics influence the process of financial globalization. The goal of the course is to provide a long-term view of the major phenomena in financial economics, as well as a historical perspective on modern policy debates related to recent financial crises.