|This is an advanced course that uses the tools of corporate finance to analyze financial crises. Much of the material will pertain to the most recent global crisis, but we will also study past crises. We will begin by studying the Great Depression and the Japanese and Swedish economic crises in the 1990s. Next we will study the proximate causes of the recent crisis, housing and structured finance. The third part of the course will cover the periods of stress related the demise of Bear Stearns, the failure of Lehman Brothers and the sovereign debt problems that surfaced for Greece. The last section of the course will pertain to regulatory reform proposals aimed at averting future crises. The class will consist of a blend of lectures, cases, and general discussion. There will likely be a mandatory extra class meeting with a guest speaker. |
To accommodate the guest speaker I will reschedule a class. A detailed week-by-week syllabus and answers to a set of frequently asked questions (including who the guest speaker will be and the time of the rescheduled class) will be posted on my personal website on the teaching page by February 1.
Preassignment: For the first class, doing the reading assignment that is posted in Chalk and complete the homework associated with the reading. Also bring your name card, along with a completed copy of the student information sheet that is posted in Chalk. The first class assignment will also be posted on my personal web site under the teaching page if you cannot access Chalk. If you intend to register in Phase VI of the bidding you should still complete this assignment.
A set of frequently asked questions and answers, a provisional syllabus, and the week 1 readings are posted on my web site: http://faculty.chicagobooth.edu/anil.kashyap/teaching.html
|Business 35200: highly recommended, and if you have not completed that course (or a more advanced substitute), you will be limited in your study groups. I insist that people who are not fully prepared will not be able to free-ride off people who have taken the prerequisite. Your class participation grade is also at risk if your comments in class reveal that you have not mastered the material in Business 35200. Business 33040 or 33401 or 33402 is also highly, highly recommended. There is little overlap with either Money and Banking (33401) or Understanding Central Banks (33402), so it is no problem to take this class in addition to those.
Description and/or course criteria last updated: 02/11/2014