Description
The course will introduce students to the unique nature of financial intermediaries, with a focus on commercial banks. We will examine the role that these institutions play in the economy, the risks they face and the general approaches taken by both banks and regulators to manage these risks. The course will include a module on modern, quantitative methods to measure financial risks. In addition, the course will highlight current policy questions regarding the role of financial institutions in our economy. Prerequisites: ECON057 PO, ECON156 PO or ECON157 PO.