Global Financial Crisis

This module introduces the course, explaining what a financial crisis is, why it's important to study the Global Financial Crisis, and outlining the course themes and organization.

This module covers the common causes of financial crises, including the specific causes of the 2008-2009 Financial Crisis, and discusses what was missed and why.

This module focuses on housing bubbles, different types of mortgages, the rise of subprime mortgages, and foreclosure facts. It also introduces crisis terminology.

This module covers shadow banking, safe assets, the global savings glut hypothesis, and securitization.

This module examines three hypotheses for the causes of the housing crisis: bad behavior, government failure, and bubble thinking.

This module covers notable events in 2007, the ABX index, interbank markets, LIBOR-OIS spread, and asset-backed commercial paper.

This module focuses on specific cases like Northern Rock, the "monolines", auction rate securities, and the Bear Stearns crisis.

This module covers shadow banking, repo markets, GSEs, Lehman Brothers, money market mutual funds, AIG, and the run on repo.

This module examines the policy responses to the crisis, including different phases of intervention, the stress test, and housing response.

This module discusses lessons learned from the crisis, unfinished business, and provides a playbook for responding to future crises.

This module focuses on the Euro background, European growth and unemployment, and case studies of Ireland and Iceland.

This module covers the Eurozone crisis timeline, the economics of the Euro, revisits Ireland and Iceland, and discusses internal devaluations and lessons from the Great Depression.

This module provides a summary of the entire course on the Global Financial Crisis.