Liberalisation of capital account and currency, banking, debt and systemic crises 2400-ZEWW505
During the course the following topics will be presented and discussed:
1. Theoretical models of currency crises
2. Leading indicators of currency crises
3. Theoretical models of banking crises
4. Leading indicators of banking crises
5. Debt crises (theory)
6. Debt crises (examples)
7. Crisis of the European Monetary System 1992-1993
8. Mexican crisis 1994/95
9. Asian crisis 1997-1998
10. Russian crisis 1998
11. Brazilian crisis 1999
12. Argentinian crisis 2001/2002
13. Argentine's economic policy after the crisis 2002-2015
14. Central Bank of Switzerland policy - causes and consequences
15. Crisis in the United States
16. World Financial Crisis 2008-2009 (outside the US)
17. Greek crisis 2009-2015
18. Option crisis in Poland 2008
19. The evolution of Basel regulations
20. Banking Union and MIFID 2 - new security concepts
21. Behavioral finance in financial markets
22. Experience with gold currency (advantages and disadvantages)
23. Tax avoidance
24. Money laundering
25. Probability of the crisis in Poland
Type of course
Course coordinators
Learning outcomes
KNOWLEDGE Participant in the seminar should get knowledge about interdependence on the financial market, causes and consequences of crises in this market.
SKILLS The ability to properly assess the consequences of political economic decisions, observed market trends and sociological phenomena occurring on the financial market
SOCIAL COMPETENCE Awareness of the complexity and volatility of financial markets and their environment
KW01, KW02, KW03, KU01, KU02, KU03, KK01, KK02, KK03
Assessment criteria
An essay and a presentation
Bibliography
Gruszczyński M. [2013], Kryzysy walutowe bankowe i zadłużeniowe w gospodarce światowej, CeDeWu, Warszawa
Gruszczyński M. [2002], Kryzysy walutowe a liberalizacja. obrotów kapitałowych, PWN, Warszawa
Iwanicz-Drozdowska., red., [2002], Kryzysy bankowe. Przyczyny i rozwiązania, PWE, Warszawa
Kindleberger C., [1999], Szaleństwo, panika, krach. Historia kryzysów finansowych, WIG-Press, Warszawa
Małecki W., Sławiński A. et al. [2001], Kryzysy walutowe, PWN, Warszawa
Mishkin F. [2002], Ekonomika pieniądza, bankowości i rynków finansowych, PWN, Warszawa
Sławiński A. [1992], Polityka stabilizacyjna a bilans płatniczy, PWN, Warszawa
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: