Financial policies in emerging markets

This course will examine the foundations of bank finance and capital markets in emerging economies, and on this basis study a number of practical current policy issues. The first lectures will cover standard topics in finance, such as the respective roles of banks and capital market-based finance, lending cycles, banking crises and managing financial openness. Each lecture will present the key literature, which will be followed by a review of best practice policy and of regulatory standards. The final three lectures will focus on a number of current topics in financial policy making in emerging markets, including building a local investor base and savings pool, and mobilizing finance for long term investment, including in sustainable energy.