Financial System
1
2017-2018
03012402
Law
Portuguese
Face-to-face
15.0
Elective
3rd Cycle Studies
Recommended Prerequisites
Not applicable.
Teaching Methods
Seminars.
Continuous assessment based on presentation and discussion of written papers.
Learning Outcomes
The goal of the seminar is to examine the etiology, propagation and predictability of financial crises as well as the consequences for the stability of the financial system as a whole.
Work Placement(s)
NoSyllabus
1. Toward a comprehension of financial crises: a contribution
1.1. Some contributions for the comprehension of financial crises:
1.2. On the diversity of the contributions aiming at the comprehension of financial crises
2. On the risk and uncertainty in the financial system
2.1. Risk versus uncertainty
2.2. On the advantage of distinguishing between risk and uncertainty
3. On systemic risk and “contagion effect”: are financial crises systemic?
3.1.The systemic risk: a concept under construction
3.2. The “contagion effect”: illuminating metaphor or nonsensical myth?
3.3.On the systemic nature of financial crises
4. On the (un)predictability of financial crises: is uncertainty a systematic idiosyncrasy?
4.1. On the predictability of financial crises
4.2. On the unpredictability of financial crises
4.3.On uncertainty as a systematic idiosyncrasy.
Assessment Methods
Assessment
Continuous assessment through presentation and discussion of papers: 100.0%
Bibliography
QUELHAS, José Manuel Gonçalves Santos, Sobre as crises financeiras, o risco sistémico e a incerteza sistemática, Coimbra, Almedina, 2012.