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Executive Summer School
London School of Economics
Houghton Street
London
WC2A 2AE
 
Email: ess@lse.ac.uk|
Tel: +44 (0) 207 849 4615

 
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Global Finance in Crisis, Causes, Consequences and Futures

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Since 2007, the global financial system has faced the most serious crisis since the 1930s. The Eurozone crisis is only the most recent phase of this global event.

Register here for a detailed course outline.|

On this intensive short course, you will explore how and why the impact of the latest global financial crisis has been so wide and deep, and learn why it will reshape economies and polities for years to come.

The programme explores three central questions:

  • Why has the crisis that began in 2007 been so different to those experienced over the previous 30 years?
  • What have been the short term consequences of the crisis and the associated policy responses in major developed and developing countries?
  • What are the likely long term consequences of this global crisis?

The programme provides you with:

  • An analysis of cutting-edge debates and academic thinking on the evolving interaction between politics and regulatory outcomes in global finance
  • An investigation of the nature and causes of the on-going global financial crisis
  • An exploration of its short and longer term political and economic consequences.

“The class was fascinating, the topics were exhilarating, and my experience at LSE was more than enjoyable.”

Partner, Klestadt and Winters, LLP, New York, USA


 

Major topics covered:

  • The evolution of global finance
  • Why has the system become so crisis prone but so difficult to reform?
  • Macroeconomic policymaking and multilateral surveillance
  • IMF financing and conditionality
  • The crisis in the Eurozone
  • The dollar and its rivals: key currencies in the global financial system
  • The feedback loops at the heart of the systemic crises, and how they interact with regulations
  • Regulating global banks, shadow banks, derivatives and the market infrastructure
  • The longer term consequences of the crisis: prospects for system reform and evolution

The origins of the crisis

Explaining and understanding the origins of the crisis of global finance requires an historical, evolutionary perspective that takes into account both political and economic factors.

The course explores the main components of the global financial and monetary system, how these have evolved over time, and the role of crises in reshaping the system.

An important element of the contemporary system is the institutional infrastructure that emerged after the Second World War: the IMF and World Bank, and the plethora of organisations including the Basel Committee and the Financial Stability Board that have responsibility for financial regulation and promote system stability.

We explore the strengths and the pathologies of these institutions and why their governance has become so contentious in recent years. We also explore the changing role of private financial firms, including global banks, derivatives markets players, and hedge funds – both in terms of their growing systemic importance, and their changing relationship to the domestic policymaking process.

The short term consequences

We examine how the crisis has changed the politics of financial and monetary cooperation at the global and regional (especially in Europe) levels, and its disruptive implications for national economic policymaking.

The long term implications

We explore how the crisis is accelerating the diffusion of economic and political power in the global system, its implications for international currency and financial rivalry, and its implications for the nature of global economic governance.

Our approach

The course takes a holistic, political economy approach to understand the evolving structure of the global financial and monetary system. The key objective is to understand the key factors that are shaping policy and market developments and will continue to do so in the future. Rather than providing a purely micro-level analysis of specific regulatory proposals and market developments, we place these micro-level developments in a broader context, providing an essential framework for financial practitioners, policymakers, analysts, and engaged citizens.


 

"I appreciated, very much, the interconnections shown on regulation from a macroeconomic, political, historical point of view. Deep insights on macroeconomic functions, very open minded teacher with a global view of institutions facing the resolution of the crisis. Great!"

Inspector - Supervision Inspectorate, Bank of Italy

"I particularly liked the teaching approach for the course, it was different to what I have previously experienced and offered a broader view of the subject area compared to a Business School."

Executive Board Member, ERGO International AG, Germany 

Our previous client list includes;

  • Banca d’Italia
  • BNDES
  • De Nederlandsche Bank (Dutch Central Bank)
  • ERGO International AG
  • European Central Bank
  • Foreign & Commonwealth Office (UK)
  • Klestadt & Winters, LLP
  • MasterCard
  • Morgan Stanley
  • Norwegian Ministry of Finance
  • Norwegian Ministry of Finance
  • Petroleo Brasileiro S.A
  • Prime Minister's Office, Italy
  • RBS Plc
  • Saudi Industrial Development Fund
  • Swedish Armed Forces
  • Swedish Ministry of Foreign Affairs
  • Thai National Assembly
  • The Netherlands Authority for the Financial Markets
  • UAE Ministry of Cabinet Affairs

 

 

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Jean Pierre Zigrand Executive Short Course|

Course details:


Dates: 22 June - 26 June 2015

Format: Five day intensive executive programme

Location: LSE's Central London Campus, New Academic Building, WC2A 2AE

Teaching faculty:

Professor Jeffrey Chwieroth|

Dr Jean-Pierre Zigrand|

Tuition fee:  £3,495 (includes all course materials)


Request a detailed outline >>|

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