KTTS4180 Macroprudential Policy and Financial Stability (5 cr)
Description
Content
The importance of financial stability for real economy. Recent developments in macroprudential policy and tools and their role in addition to traditional bank regulation in safeguarding financial stability. Systemic risks as threats to financial stability: identification, early warnings, and assessment. Contagion as a form of systemic risk. Financial stability and macroprudential policies in macroeconomic models.
Completion methods
Contact teaching course, spring semester, 4th period. The study methods of the contact teaching course are specified in the study program annually.
Assessment details
Accepted completion of the designated assignments. The assessment criteria of the course is specified in the study program annually.
Learning outcomes
1. Apply macroeconomic analysis in financial sector
2. Conduct macroprudential analysis in context of business cycles and systemic risks in financial markets;
3. Use financial data in European Financial market and to assess European Central Bank policies
4. Theoretical basis of macroprudential analysis and its theoretical basis useful in financial market analysis of early warning indicators.
5. Adapt contagion analysis related especially to interbank markets and understand the implications of bank capital requirements in maintaining stability of financial markets
Additional information
Teachers are experts and policy makers from Bank of Finland