Financial Markets Regulation

Time I: 
Wednesday,
10:00am to 12:00pm
Venue I: 
HU Berlin, Dorotheenstraße 1, Room 005
Description: 

This course introduces students to the regulation of financial markets and the participants in these markets. It consists of three parts. The first two parts analyze the financial disclosure requirements of non-financial corporations and the impact of these requirements on corporate policies. The third part discusses the most relevant financial frictions that policy makers should consider when regulating financial institutions. Part IV reviews the economics of financial crises and discusses what regulatory mechanisms exist to prevent financial crises. 

Course Outline:

  • April 11, 2012: Introduction to Course (fix date of final exam)
  • April 18, 2012: Financial Reporting and Disclosure: An Institutional Primer (Gassen)
  • April 25, 2012: Regulated versus Voluntary Disclosure: Intended and Unintended Consequences (Gassen)
  • May 2, 2012: Financial Reporting and Mechanism Design: Contractual Consequences (Gassen)
  • May 9, 2012: SOX (Adam)
  • May 16, 2012: Financial Reporting and the Capital Market (Gassen)
  • May 23, 2012: Regulation FD* (Adam)
  • May 30, 2012: Rule12h-6 (Adam)
  • June 6, 2012: Financial Frictions in DSGE Models I (Weinke)
  • June 13, 2012: Financial Frictions in DSGE Models II (Weinke)
  • June 20, 2012: Financial Frictions in DSGE Models III (Weinke)
  • June 27, 2012: Basic Mechanisms of Financial Crises (Heinemann)
  • July 4, 2012: Maturity Transformation and Systemic Risk (Heinemann)
  • July 11, 2012: Capital Adequacy Requirements and Lender of Last Resort (Heinemann)

* alternatively: Symposium des Humboldt-Forums Wirtschaft mit dem Thema "Europa -- zum Glück vereint?"

Literature:

syllabus

Credits: 
6.00
Semester: 
Spring 2012
Affiliation: 
Humboldt-Universität zu Berlin
Technische Universität Berlin