MSFS-679 Global Political Economy
Financial markets have grown in size and sophistication over the last decade in the developing, newly industrializing, and post-Communist world. Financial liberalization in these countries has often involved contrasting polices. On the one hand, governments in capital-scarce economies have retreated from direct involvement in the allocation of financial resources. On the other hand, government authorities have also intervened in financial markets to protect consumers and investors—by promoting fairness and transparency in financial transactions and financial stability. Financial crises in emerging (and even in more developed!) markets throughout the 1990s, however, raise several questions regarding the effectiveness of the financial reforms undertaken in those countries.
This seminar explores how and why governments intervene in financial markets.
Other academic years
There is information about this course number in other academic years: