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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 unconventional monetary policy measures and macro-prudential regulatory frameworks aimed at maintaining financial stability.
Upon completion of this course, you will be able to:
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.
Dr. Metiu is an economist at the Directorate General Financial Stability of the Deutsche Bundesbank. His research interests include macro-finance, financial crises, and the international transmission of crises. Dr. Metiu received his PhD in economics at Maastricht University in 2011, and he obtained his MSc in economics at Corvinus University of Budapest in 2008. Dr. Metiu has taught several courses in the field of financial economics at Maastricht University, Goethe University Frankfurt, and Goethe Business School.
Date | Sessions |
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Sat., Apr 10, 2021 | 11:30-13:30 & 14:30-16:30 |
Sat., Apr 24, 2021 | 14:30-16:30 |
Sat., May 8, 2021 | 14:30-16:30 |
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Fri., May 21, 2021 | 18:00-20:00 |
Sat., May 22, 2021 | 14:30-16:30 |