Economic and Regulatory Policy for Global Markets

Catalog description

This course explores these and related questions, starting with an overview of (1) the domestic economic policy framework, including the mandates and authorities of the Board of Governors of the Federal Reserve System, The Department of the Treasury, the Securities and Exchange Commission (SEC), the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and the Commodities Futures Trading Commission (as well as other agencies and departments) and (2) the various components of the international framework for economic cooperation, including the G7 and G20, the Bank for International Settlements, the Financial Stability Board and the International Monetary Fund (as well as IOSCO, the OECD, the World Bank, the WTO and others). The exploration then moves to analyzing the actions of these various bodies in response to economic trends and shocks over the past twenty years, including the global financial crisis of 2008, the emergence of China as the world’s second largest economy, the digitization of broad sectors of the U.S. and global economy, the recognition of climate-change as an economic risk and a driver of economic transition, the increasingly cross-border nature of labor and goods markets, and the COVID-19 pandemic. The exploration concludes with an analysis of current global economic conditions, domestic regulatory responses and efforts at global cooperation.