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KATTAS40
Advanced level thematic courses in Economics
Participation in course work
Taloustiede
Faculty of Management
Learning outcomes
On successful completion of the module, students should be able to:
1. Apply macroeconomic analysis in financial sector
2. Conduct macroprudential analysis in context of business cycles and systemic risks in financial markets;
3. Use financial data in European Financial market and to assess European Central Bank policies
4. Theoretical basis of macroprudential analysis and its theoretical basis useful in financial market analysis of early warning indicators.
General description
The importance of financial stability for real economy. Recent developments in macroprudential policy and tools and their role in addition to traditional bank regulation in safeguarding financial stability. Systemic risks as threats to financial stability: identification, early warnings, and assessment. Contagion as a form of systemic risk. Financial stability and macroprudential policies in macroeconomic models.
Enrolment for University Studies
Teachers
Homepage URL
Teaching
Evaluation
Study materials
Course Moodle page at University of Vaasa is linked above. Enrolment key: Macroprudential. Use haka for signing up.
Course table of contents:
1. Financial stability and systemic risks: Introduction to macroprudential policy and analysis (Katja Taipalus)
2. The role of bank capital requirements (Esa Jokivuolle)
3. Macro models for macroprudential analysis I (Fabio Verona)
4. Macroprudential policy - stability analysis (Karlo Kauko)
5. Macroprudential policy - contagion (Mervi Toivanen)
Further information
Course lectured at University of Vaasa.
Teachers are experts and policy makers from Bank of Finland:
Dr. Katja Taipalus is Head of Bank of Finland’s Financial Stability and Statistics Department
Dr. Esa Jokivuolle is Head of Research at the Bank of Finland.
Dr. Fabio Verona is Senior researcher in Research Unit of the Monetary Policy and Research Department.
Dr. Karlo Kauko is Senior advicer in the Financial Stability and Statistics Department
Dr. Mervi Toivanen is Head of Divison in the Financial Stability and Statistics Department
The course will start on Tue 3.4. It is no longer possible to insert that date of the information above, because signing up is open and it is until 3.4.