Financial Systems Syllabus
The Financial System
MULT- UB.0027.01
Integrating Global Economics, Politics and Markets In a Historical and Contemporary Context
Fall 2014 Profs. Roy C. Smith and Ingo Walter
M-W 11:00 – 12.15 T/A: Ryan Lloyd, prl252@stern.nyu.edu
Room: 5-90
Course Description:
Recent global financial turbulence has demonstrated both how important the financial system is to the world economy and how complex it is.
Financial systems are centered on key institutions, instruments and markets. But they also involve governments, public policy and regulation. They span the globe from the US, the EU and Japan to Russia, China and the Emerging Markets. In critical ways, country-level financial architectures are integrating to form a more seamless, high-performance whole. This is good for efficiency, innovation and growth, yet it also amplifies problems during times of crisis.
This course provides students with a broad understanding of (i) How the global financial system works and what purposes it serves, (ii) What the major elements are and how they operate, and (iii) What risks and challenges the global financial system creates for individuals, business firms and policymakers.
In seeking to achieve these objectives, the course provides a perspective that helps students understand and make the most of their own professional opportunities. Along with a working knowledge of the global macroeconomy, foundations of finance and corporate finance, this course will be extremely helpful for students as a lens to focus on the key dimensions of the modern business environment.
Faculty:
Roy C. Smith is Kenneth Langone Professor of Finance and Entrepreneurship and a former partner of Goldman, Sachs & Co. and President of Goldman Sachs International. (rsmith@stern,nyu.edu)
Ingo Walter is Seymour Milstein Professor of Finance, Corporate Governance and Ethics. (iwalter@stern.nyu.edu)
Course Requirements:
The course requires three individually authored 1,000-word “Op-eds”
MULT- UB.0027.01
Integrating Global Economics, Politics and Markets In a Historical and Contemporary Context
Fall 2014 Profs. Roy C. Smith and Ingo Walter
M-W 11:00 – 12.15 T/A: Ryan Lloyd, prl252@stern.nyu.edu
Room: 5-90
Course Description:
Recent global financial turbulence has demonstrated both how important the financial system is to the world economy and how complex it is.
Financial systems are centered on key institutions, instruments and markets. But they also involve governments, public policy and regulation. They span the globe from the US, the EU and Japan to Russia, China and the Emerging Markets. In critical ways, country-level financial architectures are integrating to form a more seamless, high-performance whole. This is good for efficiency, innovation and growth, yet it also amplifies problems during times of crisis.
This course provides students with a broad understanding of (i) How the global financial system works and what purposes it serves, (ii) What the major elements are and how they operate, and (iii) What risks and challenges the global financial system creates for individuals, business firms and policymakers.
In seeking to achieve these objectives, the course provides a perspective that helps students understand and make the most of their own professional opportunities. Along with a working knowledge of the global macroeconomy, foundations of finance and corporate finance, this course will be extremely helpful for students as a lens to focus on the key dimensions of the modern business environment.
Faculty:
Roy C. Smith is Kenneth Langone Professor of Finance and Entrepreneurship and a former partner of Goldman, Sachs & Co. and President of Goldman Sachs International. (rsmith@stern,nyu.edu)
Ingo Walter is Seymour Milstein Professor of Finance, Corporate Governance and Ethics. (iwalter@stern.nyu.edu)
Course Requirements:
The course requires three individually authored 1,000-word “Op-eds”