Teaching

Sujets spéciaux en macroéconomie et finance

1. Optimisation mathématique

2. Cycles économiques

3. Consommation I

4. Consommation II

5. Investissement I

6. Investissement II

7. Considérations monétaires

8. Taxes optimales

Banking theory and practice 

1. Introduction: Banking and financial crises

2. Banking risks, securitization, and shadow banking

3. Transmission of crises: Banks' borrowing constraints, net worth, and credit crunch

4. Amplification of crises: Leverage, fire sales, and asset prices

5. Causes of crises: Mistakes or moral hazard

6. Bank runs: Maturity mismatch and Diamond-Dybvig

7. Bank runs: Collateralized debt and information-based panics

8. Bank runs: Interconnectedness and counterparty risk

9. Overview

10. Refresher: Traditional policy and the IS-LM model

11. Ex post monetary policy

12. Ex ante monetary policy

13.  History of bubbles

14. History of crises

15. The Great Depression

16. Central banks and economic forecasting

17. Interest rate risk 

18. The euro area Bank Lending Survey (BLS)

Financial institutions: Risks and management

1. Why are financial institutions special?

2. Financial services: Depository institutions

3. Financial services: Insurance companies

4. Financial services: Securities brokerage and investment banking

5. Financial services: Mutual funds and hedge funds

6. Financial services: Finance companies

7. Interest rate risk I

8. Interest rate risk II 

9. Credit risk: individual loan risk

10. Credit risk: Portfolio and concentration risk

11. Liquidity risk

12. Sovereign risk

13. Market risk

14. Off-balance-sheet risk

15. Liability and liquidity management

16. Deposit insurance and other liability guarantees

17. Capital adequacy

18. Futures and forwards

19. Options, caps, floors, and collars

20. Swaps

21. Loan sales

22. Securitization