Day(s)
M
-
W
Time(s)
10:30 PM - 11:50 PM
Course ID
42535
Term
Winter 2018
Certificate Program
Economic Policy

This course presents the basics of the banking business and the development of the
current financial regulatory environment for the United States, the European Union, the UK, and China,
as well as the role of the Bank for International Settlements (BIS) in setting global standards. Global
payment systems and banks’ management of credit and other risks will be covered. The focus will be on
the banking and money markets, including repo and securities lending. Additional discussion regarding
the growing role of central counterparties and exchanges, as well as less regulated “shadow banking” will
be included. We will discuss the interconnectivity of these markets and regulators attempts to manage
them. Major regulatory legislation in each country will be presented as well as some discussion of the
underlying legal, economic and financial theories that led to these laws both before and after the 2007-
2008 global financial crisis.

Notes

Priority will be given to students pursuing the Economic Policy Certificate.