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Resources

Lecture and Seminar Materials


LECTURE SLIDES

Week One

MB 0 Introduction  


MB 1a Walrasian GE 
MB 1b Approach to Retail Banking  
MB 1c Money Multiplier Analysis  

MB 2a Credit, Growth and Risk-taking  
MB 2b Pecuniary Externalities  
MB 2c Financial Crisis  

MB 3a Moral Hazard - Gambling  
MB 3b Moral hazard - Lemons  
MB 3c Libor Scandal  

MB 3c Libor Scandal update  

MB 4a Crisis Transmission  
MB 4b Prudential Regulation 
MB 4c Discipline not a science  

Week Two

Financial Cycles and the Real Economy  

The Macroeconomics of Financial Cycles  

The Social Value of Financial Systems  

Macroprudential Policy  

Week Three

Money and Banking in Europe  

SEMINARS

Week Two

Day 1 Seminar  

Day 2 Seminar  

Day 3 Seminar   

Day 4 Seminar  

ADDITIONAL MATERIAL

Presentation: Fausto Play  

Week three reading  

JOURNALS

Week 2

Day 1

Getting Up to Speed on the Financial Crisis: A One-Weekend-Reader’s Guide  
A Macroprudential Approach to Financial Regulation  
Credit Booms Gone Bust: Monetary Policy, Leverage Cycles, and Financial Crises, 1870–2008  

Day 2

Liquidity Trap and Excessive Leverage  
Banking, Liquidity, and Bank Runs in an Infinite Horizon Economy
Deadly Embrace: Sovereign and Financial Balance Sheets Doom Loops  
Macroeconomics with Financial Frictions: A Survey  
Systemic Risk and Stability in Financial Networks  

Day 3

Vickers Report  
Inefficient Credit Booms  
Regulating the Shadow Banking System  
Should Banks’ Stress Test Results be Disclosed? An Analysis of the Costs and Benefits  
Key Attributes of Effective Resolution Regimes for Financial Institutions  
Collective Moral Hazard, Maturity Mismatch, and Systemic Bailouts  

Day 4

THE POLITICS OF GOVERNMENT DECISION-MAKING: A THEORY OF REGULATORY CAPTURE  
Journal of Financial Economics  
Wall Street and the Housing Bubble  
The Political Economy of Bank Bailouts  
CREDIT EXPANSION AND NEGLECTED CRASH RISK  
Fallacies, Irrelevant Facts, and Myths in the Discussion of Capital Regulation: Why Bank Equity is Not Socially Expensive  

REVISION SLIDES

Revision Slides