Understanding Financial Crises3 CPD
The ultimate goal of every investor is to maximise profits and minimise losses in the event of financial stress. In this course, we present an overview of financial crises and look at the different classifications and a discussion of some of the major financial crises that have occurred. We also present an overview of the concepts of systemic risk, and financial interconnectedness. We discuss recent developments in the space of critical transitions and early warning signals which are intended to warn investors and policy-makers beforehand, potential looming crises. The course ends with a discussion on the ethical implications and moral benefits of financial crises.
Once you have completed this course you will be able to:
- understand why financial crises keep recurring and the different theoretical explanations for financial crises.
- discuss some of the major financial crises that have occurred over time.
- understand systemic risks, and institutions that qualify as systemically important institutions (SIFIS), and the various channels of interconnectedness and financial contagion.
- gain an overview of the recent developments in the space of critical transitions and early warning signals.
- critically analyse and evaluate the ethical implications and moral benefits of financial crises through the lens of ethics theory.
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