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: Financial Reporting and Disclosure (Joachim Gassen)
Part II: Recent Changes in Financial Markets Regulation (Tim Adam)
Part III: Financial Frictions and Macroeconomics (Lutz Weinke)
Part IV: Macroprudential Regulation of Financial Markets (Frank Heinemann)
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