Gwybodaeth Modiwlau

Module Identifier
ECM1310
Module Title
International Finance Policy and Financial Regulations
Academic Year
2019/2020
Co-ordinator
Semester
Intended for use in future years

Course Delivery

 

Assessment

Assessment Type Assessment length / details Proportion
Semester Assessment 2,000 word assignment  20%
Semester Exam 2 Hours   80%
Supplementary Exam 2 Hours   100%

Learning Outcomes

On completion of the module students will be able to

  • Explain the rationale for intervention in financial markets both at a national and international level.
  • Outline the financial and regulatory structure in the UK and its relationship to other institutions.
  • Discuss the interdependence of transnational financial institutions in achieving policy objectives.
  • Critically evaluate how financial architecture is drawn from the rationale for regulation.
  • Apply the above learning outcomes to the policy challenges of a national or transnational institution.

Aims

The module will examine the causes and consequences of market failures in financial services and markets. We will then discuss the rationale for intervention in financial markets both when this serves to address market failures and when intervention is motivated by other factors. The structure and nature of financial regulation in the UK will be used to illustrate how the principles discussed translate into practice. The rationale for intervention when a firm or market faces a crisis also informs our understanding of the structure and activities of international financial institutions such as the world bank and international monetary fund. The second part of the module will discuss the formation and role of these institutions.

Brief description

This module will consider why financial firms and markets are subject to specific and often strict regulation. Discussion then moves to consider how international institutions have emerged to co-ordinate or mimic regulation at a national level.

Content

Rationale for Regulation
Systemic Risk
State Intervention
Institutional Structure in the UK
Interdependence of Financial Firms and Markets
Bretton Woods - Causes and Consequences
Other International Financial Institutions (IFI)
Roles of IFIs in Protecting Financial Stability

Notes

This module is at CQFW Level 7