This course introduces students to the regulation of financial markets and the participants in these markets. It consists of three parts. The first part analyzes the financial disclosure requirements of non-financial corporations and the impact of these requirements on corporate policies. The second part discusses the most relevant financial frictions that policy makers should consider when regulating financial institutions. Part III reviews the economics of financial crises and discusses what regulatory mechanisms exist to prevent financial crises.
Part I: Recent Changes in Financial Markets Regulations (Prof. Adam)
Part II: Financial Frictions and Macroeconomics (N.N.)
Part III: Macroprudential Regulation of Financial Markets (Prof. Heinemann)