Financial System: between risk and uncertainty. Social, legal and economic challenges in a globalized world

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)

No

Syllabus

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.

Head Lecturer(s)

José Manuel Gonçalves Santos Quelhas

Assessment Methods

Assessment
Report of a seminar or field trip: 100.0%

Assessment
Research work: 100.0%

Bibliography

QUELHAS, José Manuel Gonçalves Santos, Sobre as crises financeiras, o risco sistémico e a incerteza sistemática, Coimbra, Almedina, 2013.