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International Financial System (LAWS70110)
Graduate coursework level 7Points: 12.5On Campus (Parkville)
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
May
Lecturer
Professor Douglas W Arner, Coordinator
Email: law-masters@unimelb.edu.au
Phone: +61 3 8344 6190
Website: law.unimelb.edu.au
Overview
Availability(Quotas apply) | May |
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Fees | Look up fees |
In the wake of the Global Financial Crisis (GFC) of 2008, the visibility of finance and financial regulation has increased dramatically. This subject will provide an overview of the global financial system and international efforts to build structures to support its proper functioning. Taking an integrative approach, the subject will look at the evolution of the global financial system, its structure and regulation. In doing so, it will analyse financial crises, especially the GFC, and responses to it, the Basel Committee on Banking Supervision (BCBS), the Financial Stability Board (FSB) and the International Monetary Fund (IMF).
Principal topics include:
- The historical development of the international financial markets from Bretton Woods to the present
- Costs and benefits of internationalisation of finance
- International debt markets and syndicated lending
- International prudential regulation and capital adequacy
- The rise of the emerging markets and their integration into global capital markets
- Recent international financial crises
- Regulatory responses
- Proposals for reform of the international financial architecture.
Intended learning outcomes
A student who has successfully completed this subject will:
- Have an advanced and integrated understanding of the principal financial markets of the world and their interrelation with one another in the financial system
- Have a sophisticated appreciation of the development of those markets over time and recent crises therein
- Have the cognitive and technical skills to generate critical and creative ideas relating to the regulation of activities of those markets (principally through the Basel Accord and other activities of the Financial Stability Board)
- Be an engaged participant in debate regarding the options for reform of the architecture of the international financial system
- Have the cognitive and technical skills to independently examine, research and analyse the operations of these markets
- Be able demonstrate autonomy, expert judgment and responsibility as a practitioner and learner in the field of international financial regulation.
Last updated: 3 November 2022