Università degli Studi di Napoli "Parthenope"

Teaching schedule

Academic year: 
2016/2017
Belonging course: 
Course of Master's Degree Programme on ECONOMIC AND FINANCIAL SCIENCES
Location: 
Napoli
Disciplinary sector: 
ECONOMIC HISTORY (SECS-P/12)
Credits: 
9
Year of study: 
2
Teachers: 
Cycle: 
First Semester
Hours of front activity: 
72

Language

Lectures: Italian
Readings: English

Course description

The course analyzes the evolution of financial markets in a long-term perspective, with the aim of providing students with the theoretical tools for understanding current issues and identify future scenarios thanks to the study of past financial policies.

Prerequisites

Knowledge of Macroeconomics

Syllabus

The course examines the evolution of the financial markets during the last two centuries. The main topics include:
1) Financial crises: debt crises (external and domestic default), banking crises, inflation crises, currency crashes. Case studies analysis.
2) The evolution of monetary systems:
-Gold Standard (1870-1914);
-Gold Standard between two World Wars (1918-1939);
-Bretton Woods System, International Monetary Fund;
-European monetary system 1979-1998
-Euro and economic policy of Euro area
3) Evolution of credit systems
4) International financial centers
5) Monetary and financial integration
6) Fisher theory of debt-deflation
7) Sustainability of public debt in Italy (1861-2017)
8) Business and credit cycles in Italy (1861-2013)
9) International crises of 1929
10) International crises of 2007-2008

The course examines the evolution of the financial markets during the last two centuries. The main topics include:
1) Financial crises: debt crises (external and domestic default), banking crises, inflation crises, currency crashes
2) The evolution of monetary systems
3) The evolution of credit systems
4) International financial centers
5) Monetary and financial integration

Teaching Methods

The course structure features in-person lectures and teaching support for case studies. Students are required to discuss assigned readings, which will be defined in due time. Lecture slides and extra course material will be made available on Moodle.

Textbooks

1) Reinhart C., Rogoff K., Questa volta è diverso. Otto secoli di follia finanziaria, casa editrice il Saggiatore, 2010.
2)Casses Y., Le capitali della finanza, Brioschi editore, 2006
(Students can alternatively study the English version of reference texts)
3) Readings (in English) provided during the class, available on moodle (e-learning)

Learning assessment

The final exam is a written assessment, based on both open-ended and multiple-choice questions.
Final grades will be awarded by taking into account:
-attendance, class participation
- case studies: papers, articles or books will be presented and discussed by students, individually or in groups.
-final examination

More information

Students who attend the course can study reading assigned by the lecturer as alternative to the study of Casses's book.