Prerequisite: FIN 201a. Meets for one-half semester and yields half-course credit.
Examines the evolving architecture of the international financial system. Discusses the nature of international banking, including the role of shadow banks; central banking and the fragility of the financial system and why it is prone to crises; and finally, the government's involvement in the financial system, exploring the rationale and structure of regulation. Usually offered every year.
Mr. Cecchetti