Spring 2013 MBA Course

B8399-040: Emerging Financial Markets

W - Full Term, 11:00AM to 12:50PM

Location: URI 142

Instructor: Charles Calomiris

Corequisite(s): B6302

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This course is about countries well enough developed to attract capital and have significant financial markets but not fully modernized – countries like China, India, Turkey and Brazil – but also Greece and Iceland. It explores the institutional foundations of financial markets and centers on the question: what factors make emerging financial markets (EFMs) different from developed financial markets? It begins with the question of why some countries grow and others do not. We will find an important role for institutions. We then turn to financial institutions in particular and explore the important connection between development of financial institutions and economic growth.

Charles Calomiris

Curriculum DirectorCharles Calomiris is the Henry Kaufman Professor of Financial Institutions at the Columbia University Graduate School of Business and a professor at Columbia's School of International and Public Affairs. Professor Calomiris is a member of the Shadow Open Market Committee, the Financial Economists Roundtable, and the Advisory Scientific Committee of the European Systemic Risk Board. He is a Research Associate of the National Bureau of...

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