Lectures
Week 5
Universiteit van Amsterdam · Economics and Business Economics
Y1 - Principles of Economics and Business 1Inhoud
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- Lecture 5: Finance with Arnoud Boot
- 5.1 Competitive and Open Markets
- 5.2 The Supply of Savings
- 5.3 The Lifestyle Theory of Savings
- 5.4 The Bond Market
- 5.5 The Stock Market
- Guest Lecturer: Arnoud Boot
- Lecture 5: Wealth, Money and Credit Rating
- Opening: a voluntary AI oversight agreement
- Wealth by institutions: a quick review
- Why GDP does not add up
- The market for loanable funds
- The bond market and crowding out
- Bond prices and interest rates
- Inflation and financial turmoil (with Arnoud Boot)
- The financial crisis of 2007 and 2008
- Reading: Bagehot, Lombard Street (1873), Chapter II
- Money growth and inflation
- Credit rating agencies
- Interlude: asymmetric information
- The rating agencies in the financial crisis
- Competition among rating agencies
- Concluding remarks
- Preview of Week 6
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