Teacher(s)Sweder van Wijnbergen
Research fieldFinance, Macroeconomics
DatesPeriod 2 - Oct 25, 2021 to Dec 17, 2021
We use an analysis of the recent subprime crisis and its global follow-up as an introduction towards a more general anatomy of Financial Crises and discuss desired and actual ex ante and ex post policy responses.
Overview of the subprime crisis; how a relatively small problem in the US mortgage market triggered a worldwide financial meltdown. Key words: Financial innovation and the fragility of the international banking system; theory of banking crises, optimal bank intervention; regulatory reform; macroeconomics and financial fragility, macroeconomic impact of tighter financial regulation; financial crises and growth. Macropolicy during the great recession (fiscal deficits, Quantitative Easing and other Unconventional Monetary Policies).
- Selected papers.