Executive Education

FINANCIAL STABILITY & REGULATION

Financial stability can be defined as a condition in which the financial system is capable of withstanding shocks and the unraveling of financial imbalances. Safeguarding financial stability requires identifying the main sources of inefficiencies in the allocation of financial resources and the mismanagement of financial risks. The aim of this course is to provide an overview of recent theories and empirical findings that constitute the prerequisites to understanding, monitoring, and safeguarding financial stability. The course features a comprehensive treatment of systemic risk in banking, with a special focus on the 2007-08 global financial crisis. We will study the anatomy of modern banking systems and the contagious spread of vulnerabilities in such systems. Moreover, we will study several channels through which systemic banking crises propagate across countries. The course puts large weight on lessons for financial stability policy. In particular, we will review macro-prudential regulatory frameworks aimed at maintaining financial stability, as well as the financial stability implications of monetary policy measures taken in recent years.

Any questions?

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Ludmila Ketterer

 +49 69 798 33512

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Course
Format

This course is offered in the part-time Master in Finance program and may be attended on a “no credit” basis by individuals not enrolled in the program. Course participants are visitors who are not responsible for assignments and do not take an exam or earn academic credits. As the number of seats in the course is limited, we recommend to register online early.

Learning
Objectives

Upon completion of this course, students will understand:

the main mechanisms behind financial stability and instability

the implications of macroprudential policies on the financial system

the underlying structures of the global financial system

the role of key institutions such as central banks

the main functions of regulating and supervising bodies

 

Key
Concepts

systemic banking crises and their macroeconomic consequences
the time dimension of systemic risk: financial cycles and pro-cyclicality
the cross-section dimension of systemic risk: interconnectedness and network externalities
the global dimension of systemic risk: banking sector globalization and crisis transmission
macroprudential regulation and supervision
financial stability implications of monetary policy measures

 

Faculty

Dr. Norbert Metiu

Dr. Metiu is an economist at the Research Centre of the Deutsche Bundesbank. His research interests include macro-finance, financial crises, and the international transmission of crises. Norbert received his PhD in economics at Maastricht University in 2011, and obtained his MSc in economics at Corvinus University of Budapest in 2008. Norbert has taught several courses in the field of financial economics at Maastricht University, Goethe University, and GBS. He is winner of the ‘GBS Excellence in Teaching Award’ in the Master in Finance program in 2018.

Key Facts

Course materials

Course materials will be provided in electronic form.

Language

English

Venue

Campus Westend of Goethe University Frankfurt.

Certificate of participation

A GBS certificate of participation is awarded upon completion of the course.

Course Fee*

€ 950 (fee is exempt from VAT). The fee for GBS students or alumni amounts to € 400.

*Withdrawal and fee refund
In case the course withdrawal request is received two weeks prior to the start of classes, GBS will retain a withdrawal fee of €50. In case the course withdrawal request is received less than two weeks prior to the start of classes, GBS will retain 50% of the payment made.

Course Schedule
Date Session
Summer Semester 2023  
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There are two main things which make returning for Open Programs such a valuable and worthwhile experience. The first is being back on campus – meeting the current students, returning to campus again, the whole experience was just so pleasant. The second is the level of quality in the courses – the faculty teaching are absolute experts.

Stephan KieneDuke-Goethe Executive MBA Class of 2009

PROGRAM REGISTRATION

This Open Program will be offered in the Summer semester 2023
Registration will be possible soon.

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