Explores the nature of financial crises, their predictability, and historical examples, emphasizing lessons learned from the global financial crisis of 2007-2009.
Covers the Capital Asset Pricing Model, estimating betas, empirical evidence on returns versus beta, short-sale constraints, and optimal portfolio choice.
Explores the deposit contract structure and liquidity risk management in financial intermediation, emphasizing the importance of mitigating risks and ensuring liquidity.
