FE 655 Systemic Risk and Financial Regulation

This course deals with aspects of systemic risk in financial systems. It covers a review of classical risk measures and introduces non-classical risk measures such as Extreme Value Theory. It also covers the study of financial systems as a system of complex adaptive systems, agent-based modeling, history and analysis of bubble formations as a systemic risk, the role of rating agencies, the financial systems ecosystem, risk and regulatory environment, risk and the socio-political environment. It also studies international financial inter-system risk propagation and containment and its impact on international financial systems, the International Monetary Fund assessments and the effect of extreme risk on poverty, international instability and globalization.

Credits

3

Prerequisite

FE 535

Distribution

School of Business

Offered

Fall Semester Spring Semester