MAN 444 Special Topics in Finance
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The most obvious manifestation of global financial instability is the current banking crisis that began in the U.S. but spread swiftly to Europe, other developed nations, and some developing economies. The creation of exotic financial instruments, the presence of unregulated participants in global markets such as hedge and private equity funds, the failure of rating agencies to properly evaluate novel financial instruments, and the search for higher returns without properly accounting for risk were some of the evident contributors to the crisis, resulting in severe write-offs and even the failure of some of the most visible and highly respected institutions in the financial universe. This course will begin with an extensive and intensive examination of the 2007 crisis of the late '90's and the Turkish crisis of '94. Furthermore, the absence of international financial architecture to prevent global crises, the inability or unwillingness of national regulatory bodies to intervene proactively, and the actions of regulators to mitigate national financial problems will then be examined.
Credit units: 3 ECTS Credit units: 5, Prerequisite:
MAN 321.
Autumn Semester (Oğuzhan Özbaş)
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