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.
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 and the 2020 COVID-19 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 the course, students will be able to:
- Understand the main mechanisms behind financial stability and instability
- Better understand the underlying structures of the global financial system
- Capture the implications of regulatory reform on the banks and the financial systems
- Link the regulatory reform to key operations such as risk management
- Understand the role of key institutions such as rating agencies and central counterparties
- Capture the main functions of regulating and supervising bodies
- Systemic risk in banking
- Interconnectedness and contagion
- Banking crisis resolution
- Banking sector globalization and financial crisis transmission
- Unconventional monetary policy
- Macroprudential regulation and supervision
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. Norbert Metiu
Dr. Metiu is a senior economist in the General Financial Stability Analysis and Macroprudential Surveillance Division of Deutsche Bundesbank. His research interests include financial stability, international finance and monetary macroeconomics. 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.
Course materials will be provided in electronic form.
Campus Westend of Goethe University Frankfurt.
Certificate of participation
A GBS certificate of participation is awarded upon completion of the course.
€ 950 (fee is exempt from VAT). The fee for GBS students or alumni amounts to € 400.
|Fri., Mar 31, 2023||18:00 - 20:00|
|Fri., Apr 28, 2023||12:00 - 14:00, 14:30 - 16:30|
|Fri., Apr 29, 2023||09:00 - 11:00|
|Sat., May 13, 2023||11:30 - 13:30, 14:30 - 16:30|
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