(in Polish) Banki, systemy bankowe, kryzysy finansowe 2400-PL3SL324A
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.
Szacunkowy nakład pracy studenta:
Typ aktywności K (kontaktowe) S (samodzielne)
wykład (zajęcia) 0 0
ćwiczenia (zajęcia) 30 0
egzamin 0 0
konsultacje 5 0
przygotowanie do ćwiczeń 0 0
przygotowanie do wykładów 0 0
przygotowanie do kolokwium 0 0
przygotowanie do egzaminu 0 0
przygotowanie pracy dyplomowej 0 40
Razem 35 40 = 75
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
Presentation of chapters of the work according to the schedule. 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
Błaszkiewicz M., What Factors Led to the Asian Financial Crisis: Were or Were not Asian Economics Sound?, Studies and Analyses CASE Warsaw 2002, no. 209.
Bordo M. D., The Lender of Last Resort: Alternative Views and Historical Experience, Federal Reserve Bank of Richmond, “Economic Review”, Jan./Feb.1990.
Calomiris C., Gorton G., The Origins of Banking Panic: Models, Facts and Bank Regulation, University of Chicago Press, Chicago 1991.
Chen S., Svirydzenka K., Financial Cycles – Early Warning
Indicators of Banking Crises?, IMF WP, 2021, no. 116.
Cull R., Senbel L., Sorge M., Deposit Insurance and Bank Intermediation in the Long Run, BIS Working Papers, July 2004, No 156.
Drehmann M., Juselius M., Evaluating early warning
indicators of banking crises: Satisfying policy requirements BIS Working Papers, 2013, no 421.
Economic crisis in Europe: causes, consequences and responses, “European Economy” 2009/7, European Commission 2009.
Kahn C., Santos J., Allocating bank regulatory powers: lender of last resort, deposit insurance and supervision, BIS Working Papers, Aug. 2001, No. 102.
Kaminsky G., Currency and Banking Crises: The Early Warning of Distress, IMF Institute, Dec. 1999.
Kaminsky G., The Twin Crisis: The Causes of Banking and Balance of Payments Problems, International Finance Discussion Papers, March 1996, No. 544.
Kennedy S., The Banking Crisis of 1933, Lexington 1973.
Krugman P., Currency Crises, The University of Chicago Press, Chicago and London 2000.
The consequences of the global financial crisis. The rhetoric of reform and regulation, ed. W. Grant, G. K. Wilson, Oxford University Press, 2012.
Wood J. W., Bagehot’s Lender of Last Resort. A Hollow Hallowed Tradition, “The Independent Review”, 2003, Vol. VII, No. 3.
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: