Financial Markets and Development

Schools of Public Engagement: International Affairs

Liberal Arts

Undergraduate Course

Graduate Course

Degree Students (with Restrictions)

Financial Markets &Development

Fall 2019

Taught By: Max Fraad-Wolff

Section: A

CRN: 3267

Credits: 3

Most financial activity in developing countries is undertaken through domestic financial institutions (e.g., commercial banks, insurance companies, development finance institutions) and to varying degrees markets (e.g., bonds, stocks, derivatives) and informal arrangements (e.g., families, money lenders, rotating savings and credit associations). National policy makers have to be concerned about how well the financial sector mobilizes savings, extends credit, provides insurance and undertakes payment transactions. They must also ask development questions like how well does the sector support economic growth (favor the "best" investments)? Is it "inclusive" (does it provide services to the poor as well as the rich)? Is it subject to crises (how well are risks handled)? Can it be whipsawed from abroad (how susceptible is it to contagion from foreign crises, a very current worry)? Countries have followed different paths to financial sector development, with more and less government involvement directly and via regulation, and with better and worse advice from foreign aid donors and financial sector investors. Not a surprise, countries have had more and less successful outcomes. The course tries to understand why and what the implications might be for improved policies for development.

College: Schools of Public Engagement (NS)

Department: International Affairs (NINT)

Campus: New York City (GV)

Course Format: Seminar (R)

Max Enrollment: 15

Add/Drop Deadline: September 9, 2019 (Monday)

Online Withdrawal Deadline: November 17, 2019 (Sunday)

Seats Available: No

Status: Closed*

*Status information is updated every five minutes. The status of this course may have changed since the last update. Open seats may have restrictions that will prevent some students from registering. Updated: 11:15pm 2/28/2020 EST

Meeting Info:

Days: Monday

Times: 6:00pm - 7:50pm

Building: 6 East 16th Street

Room: 902

Date Range: 8/26/2019 - 12/16/2019