Global Financial Crises

The international financial crisis that originated in the U.S. subprime mortgage market has deeply affected the global political economy. It indicates a shift in economic power away from the advanced economies of Europe, the United States and Japan to rapidly emerging economies such as China, India and Brazil. Indeed, the crisis is likely to trigger fundamental changes in the institutional architecture of international finance and the geo-economic landscape of globalization. This course aims to provide a macro-perspective on the evolution of the global financial system since 1850, an analysis of the origins of the 2008 Financial Crisis and the likely consequences of this crisis for the global political economy to students. Cross-listed with HI 439.