IEORE4714 Risk Management, Financial System & Financial Crisis (1.5)

Instructor: Allan Malz

Additional Information: IEOR_E4714_Fall_2015_Syllabus.pdf

1.5 pts. Refer to course syllabus. Fall: Risk Management, Financial System & Financial Crisis, Risk-taking and risk management are at the heart of the financial system, and of the current financial crisis. This course provide an introduction to risk management both from an individual financial firm's and from a public policy viewpoint. We present an overview of the contemporary financial system, focusing on innovations of the past few decades that have changed how financial risk is generated and distributed among market participants, such as the growth of non-bank financial intermediaries, the increased prevalence of leverage and liquidity risk, and the development of structured credit products. The course will also provide an introduction to the basic quantitative tools used in market, credit and liquidity risk management. The two strands of the course are brought together to help understand how the financial crisis arose and is playing out, examining the mechanics of runs and the behavior of asset prices during crises. We also attempt to make sense of the emergency programs deployed by central bankers and other policy makers to address crises historically and today.

Formerly known as IEOR E4724.

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