The course will explore the emerging regulatory regime under the Dodd-Frank Act, focusing on its costs and benefits especially as they relate to key regulations of capital and derivatives markets. The judicial review of costs and benefits will be described. The course will establish a framework for evaluating costs and benefits in terms of the efficient and stable performance of the socially beneficial functions of these markets. Major research that has been published in response to the financial crash will be discussed. The emerging concept of financial markets as complex systems, subject to dynamics of such systems, will be explored in terms of validity and implications for regulations.
Current & Previous Instructors:
|537S (CRN: 96770) Credits: 3|
Fall, 2014 (Day).
19 openings. (Limit 28).