After a brief overview of the micro-foundations of capital market imperfections, topics include limited commitment, the financial accelerator, liquidity, bubbles, crises, the role of credit in monetary economics as well as international capital flows.
Prerequisites/Rules:
Prerequisite: ECON602 and ECON601; or (ECON604 and ECON603); or permission of BSOS-Economics department.
Restriction: Must be in one of the following programs (Economics (Master's); Economics (Doctoral)).
Credit only granted for: ECON698K or ECON747.
Formerly: ECON698K.
Credits: 3
Grading Method: Regular, Audit
