Course # 42521 Section Number 1 Day(s) M- W Time(s) 1:30pm-2:50pm Term Spring 2024 Specialization Markets & Regulation Finance & Policy Course Instructor Thomas Coleman Syllabus Previous Year Syllabus This course has an ambitious goal – to investigate both the tools of risk management at the firm level through hands-on training and practice, and the lessons of macroeconomic or systemic risk through examination of financial crises throughout history. These lessons are important – whether it is the South Sea Company crisis of 1700s or the mortgage debt crisis in the United States in the 2000s, financial crises have shaped our world. Understanding history is the first step towards intelligent policy. To examine the financial and economic history we will read some of the classic (and also some of the newer) texts in this area: A Monetary History of the United States, 1857-1960 by Milton Friedman and Anna Jacobson Schwartz; Manias, Panics, and Crashes by Charles P. Kindleberger (for a history of financial panics); Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay (for a history of the 18th century South Sea Bubble in Britain and the Sword Blade Bank and Mississippi Company in France); This Time is Different – Eight Centuries of Financial Folly by Carmen Reinhart and Kenneth Rogoff (for why this time is not different – financial folly has a long history); and Fragile by Design by Charles Calomiris and Stephen Haber (for a cogent and disciplined analysis of banking systems across time and across countries – US, Canada, UK, Mexico, and Brazil). Quarter Title Instructor Day(s) Time(s) Syllabus Spring 2024 History of Financial Crises Thomas Coleman Monday, Wednesday 1:30pm-2:50pm Syllabus Recent News More news Alumni Profile: Alex Munro, PWC’23 Fri., May 10, 2024 The world’s most violent region needs a new approach to crime Fri., May 10, 2024 Trina Reynolds-Tyler, MPP'20, Wins Pulitzer Prize in Local Reporting Wed., May 08, 2024 Upcoming Events More events Persuasive Writing Credential (PWC) Alumni Roundtable Mon., May 13, 2024 | 7:30 PM Ask Admissions: Data and Policy Summer Scholars Program Mon., May 13, 2024 | 8:30 PM Monetary Policy and International Finance (MPIF) Mini Class with Zefeng Chen Tue., May 14, 2024 | 7:00 AM