CURRENCY AND BANKING CRISES: A THEORETICAL AND EMPIRICAL APPROACH 2400-PL3SL210A
Banking system stability as a public wealth; the financial safety net; hazard identification.
Models of financial, banking, currency crises; costs of financial crises. Panic and bank runs mechanism; institutional-legal and organizational frameworks: banking legal regulations; the financial responsibility.
The historical crises. Great Depression: the Wall Street crash (1929) and the phenomena of bank bankruptcies, their reasons and mechanisms.
Banking crises in the second half of the 20th century in the stable economies; crisis management and restoration of banking systems. Financial crises in the second half of the 20th century in the emerging economies: specificity of crises in Asia; significance of the behavioral factors; restoration programs.
Global financial crisis 2007-2010: a subprime mortgage crisis; a “systemic risk”; the financial contagion; the impact of the crisis by transmitting the financial shocks to the whole global economy
Type of course
Course coordinators
Learning outcomes
KNOWLEDGE
The student knows the theories and models explaining the reasons and mechanism of financial, banking and currency crises; understands the specifics of the financial and banking crises and their importance to the process of changes in the banking systems and to their legislative-institutional environment in the historical perspective.
SKILLS
The student is able to: perform an analysis of the financial, banking and currency crises from the past, using the up to date (present day) categories and economic instruments; explain the mechanism of infecting and transferring the crises among the sectors of economy and the financial institutions.
OTHER COMPETENCIES
A student should be able to interpret and formulate his own conclusions, based on critical analysis of sources, views of different authors, premises and arguments.
KW01, KW02, KW03, KU01, KU02, KW03, KK01, KK02, KK03
Assessment criteria
Assessment of the progress made by the seminar participants in their graduate thesis preparation (the plan of thesis, literature and current research analyses; the results of analysis; the final version of the thesis).
Bibliography
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Szczepańska O., Sotomska-Krzysztofik P., Pawliszyn M., Pawlikowski A., Instytucjonalne uwarunkowania stabilności finansowej na przykładzie wybranych krajów, „Materiały i Studia” NBP, 2004, z. 173.
Szczepańska O., Sotomska-Krzysztofik P., Pawliszyn M., Banki centralne wobec kryzysów w systemie bankowym, „Materiały i Studia” NBP, 2004, z. 179.
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Żywiecka H., Przyczyny i mechanizmy kryzysów walutowych ze szczególnym uwzględnieniem znaczenia międzynarodowych przepływów kapitału, „Materiały i Studia” NBP 2002, z. 145.
Additional information
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