Financial Instability
- NINT 5298 - Financial Instability (Summer 2008)
Financial instability is much in the news with the consequences of the so-called sub-prime mortgage meltdown reverberating around the world. This course will look at the history and structures of financial crises, focusing on three recent and current events: a) the 1997 Asian financial crisis, b) Argentinas default in 2001, and c) our current financial difficulties. Students will understand why financial crises occur and who they affect, including especially women, children, and the poor. Students will learn the economics as well as the social dimensions of recent financial turmoil. This course will also serve to introduce students to the primary material that one uses to understand such events, including reports by the Federal Reserve, BIS, and IMF, as well as drawing on classic reading from Keynes, Minsky and Galbraith.
Concentration:Development