Syllabus - The Graduate Institute, Geneva
Syllabus - The Graduate Institute, Geneva
Syllabus - The Graduate Institute, Geneva
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II.<br />
WHAT WENT WRONG IN THE US MORTGAGE MARKET [29 February] [CW]<br />
Readings (core):<br />
IMF, World Economic Outlook, July 2009, Chapter 1.<br />
Will the Walls Come Falling Down.? <strong>The</strong> Economist, April 20, 2005.<br />
After the Fall, <strong>The</strong> Economist, June 16, 2005.<br />
When it goes Wrong, <strong>The</strong> Economist Sept. 22, 2007<br />
What went wrong (special briefing on Wall Street’s crisis), <strong>The</strong> Economist, March 22, 2008<br />
Readings (supplements):<br />
Brunnermeier, Markus K. 2009. "Deciphering the Liquidity and Credit Crunch 2007-2008." Journal of<br />
Economic Perspectives 23(1): 77-100.<br />
Krishnamurthy, Arvind 2010. "How Debt Markets Have Malfunctioned in the Crisis." Journal of<br />
Economic Perspectives 24(1): 3-28.<br />
Discussion Questions:<br />
1. Who should/could have prevented the housing market price bubble?<br />
2. Are subprime mortgages necessarily a bad idea?<br />
3. Did other countries experience similar problems? Why?<br />
III.<br />
FINANCIAL LIBERALIZATION IN THE US SINCE REAGAN [8 March] [CD]<br />
Readings (core):<br />
Provost, Colin (2010). Another Race to the Bottom? Venue Shopping for Regulators in the American<br />
Financial System. ECPR Dublin on Regulation.<br />
Rosenbluth, Frances and Ross Schaap (2003). <strong>The</strong> Domestic Politics of Banking Regulation,<br />
International Organization 57 (2):<br />
Panitch, Leo and Martijn Konings (2009). Myths of Neoliberal Deregulation. New Left Review 57: 67-<br />
83.<br />
Suarez, Sandra and Robin Kolodny (2010). Paving the Road to “Too Big to Fail”: Business Interests<br />
and the Politics of Financial Deregulation in the U.S. Philadelphia: Temple University.<br />
Readings (supplements):<br />
Peretz, Paul and Jean Reith Schroedel (2009). Financial Regulation in the United States : Lessons<br />
from History. Public Administration Review July/August : 603-612.<br />
Ferguson, Thomas and Robert Johnson (2009). Too Big to Bail. Part I : From Shadow Financial<br />
System to Shadow Bailout. International Journal of Political Economy 38(1) [read pp. 11-21]<br />
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