BMGT 341 Lecture Notes - Lecture 4: Currency Crisis, Financial Institution, Alan Greenspan
16 Oct 2017
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Document Summary
Why do financial crises occur and why are. Agency theory and the definition of a financial crisis. Case: the mother of all financial crises: the great depression. Global box: ireland and the 2007 2009 financial crisis. Height of the 2007 2009 financial crisis and the decline of aggregate demand. Dynamics of financial crises in emerging market economies. Case: financial crises in mexio, 1994 1995; east asia, 1997 1998; and argentina, 2001 2002. Global box: the perversion of the financial liberalization/globalization process: chaebols and the south korean crisis (cid:132) overview and teaching tips. Financial crises are inherently interesting because they are so dramatic. This has become even more true with the recent 2007 2009 financial crisis, which alan greenspan characterized as a once-in-a-century credit tsunami. Indeed, teaching this new chapter on the financial crises and the subprime meltdown has stimulated student interest more than anything else i have taught in my entire career of over thirty years of teaching.
