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BEXP 14A01 - EUROPE AND FINANCE

Type d'enseignement : Seminar

Semester : Spring 2017-2018

Number of hours : 24

Language of tuition : English

Pre-requisite

A taste for finance and discussion.

Course Description

With more than 500 million citizens and a GDP of € 14 trillion, the European Union is the second largest economy and the most integrated trading zone in the world. But does this hold true financially? The course will look at Europe's capital markets organisation and functioning: the role of banks, stock exchanges, regulators, and a family of acronyms ECB, EIB, ESM, CMU, MIFID… Do they provide the appropriate framework for the EU economy to develop? It will of course examine the road to an unprecedented experiment: the Euro. Was it a “fatal decision” (Stiglitz) in regard to the financial crises which have hit Europe be they imported ones (the subprime crisis of 2007) or self-inflicted ones (the sovereign-debt crisis, Brexit)?

Teachers

ROSSIGNOL, Bruno (Head of communication EIB Institute)

Course validation

Participation and attendance. Presentations.

Workload

Discussion of articles, news briefings related to the topics. Organised debates.

Required reading

  • The Euro and the Battle of Ideas Markus Brunnermeier, Harold James, Jean-Pierre Landau, Princeton University Press
  • The Euro: How a Common Currency Threatens the Future of Europe, Joseph E. Stiglitz W W Norton & Company
  • The End of Alchemy. Mervyn King. The Alchemists. Neil Irwin. Headline
  • Movies : Margin Call. JC Chandor (2011). The Big Short (2015). Adam McKay
  • Read on a regular basis the Financial Times, the Economist