|This is an advanced course covering a variety of special topics. These topics should include:
Understanding financial crises and the role of banks; Investor sentiment, anomalies, and market efficiency; The money management business and the inherent limitations of professional arbitrage; The role of cross-country institutional differences in explaining differences in financial markets and access to finance; Finance and rent-seeking: Are financial people overpaid?; Implications of asset price volatility for corporate finance, including merger waves and financial innovation.|
|Based on class participation, a short paper, and a longer final paper.|
|Bus 35000 and 35200 or equivalent.
|Course Conditions and Course Related Items:|