BANKING AND THE GLOBAL FINANCIAL SYSTEM

Catalog description

An overview of the global financial system (banking, investments, and international finance) and its purpose in society. The roles of money and interest rates, financial markets and financial intermediaries, securities (bonds, stocks, and derivatives ), and central banks are discussed in the context of global economy. Using an integrated global perspective, the course focuses on the role of a well-functioning financial system in matching resources and needs, acquiring information, reducing risk, and encouraging innovation and entrepreneurship, thus connecting moral flaws and ethical failures with corporate scandals and financial crises. Prerequisites: FINC 310