The class "Regulation of Financial Markets" provides a bird's eye perspective on current developments in financial markets regulation, financial innovation, related policies and associated feed-backs to the real economy. The class discusses political, institutional and legal trends and consequences generated by recent events in the financial system. The class starts with an introduction into financial markets, financial instruments and techniques to design financial portfolios as well as individual financial products. Building on this knowledge the class moves into the discussion of political and regulatory reactions to the recent financial crisis and delves into the dynamics of the regulatory reforms driven by contemporaneous problems and developments in financial markets.
Giuseppe LOIACONO
Enseignement électif
English
Participation in classes is mandatory. Lecture notes and other relevant materials will be made available to students before lectures. Students are expected to follow developments in financial markets in the period of the class and discuss relevant ones in the class.
Basic knowledge of the financial system can help to improve learning results in class, but is by no means required.
Spring 2024-2025
Students will be graded according to the ECTS system used at SciencesPo.
There will be a mid-term (35%) and the final exam (65%). The mid-term and final exams will comprise case studies and/or open questions. Final exam will be made available online, and students will have 24 hours to complete and submit the exam.
Twelve lectures (2 sessions per teaching day, 6 teaching days), including case studies and an intervention of a guest speaker from EU Institutions. Active participation to the class is expected.
The different issues of the IMF Global Financial Stability Report (in particular the executive summaries 2008, 2010, 2013, 2017, 2019, 2020, 2021) introduce into the general topics of the class. Additional readings and a detailed reading list will be an
Mishkin, Frederic S. and Stanley G. Eakins, Financial Market and Institutions, Prentice Hall, Boston, 9th edition, 2018 (or previous editions). (Only selected chapters to be announced in class !!)