This course on the development of financial markets and institutions covers important aspects of monetary and financial history as well as key issues in the theory of money and credit. The main topics include the nature and origins of financial markets and institutions, the origins of money, the links between money and finance – theoretical, historical, and institutional – and the relationship between finance and economic development. The nature of economic crises and their recurrence through history will also be a key theme.

The course is reading intensive and students are encouraged to read the required readings before each lecture and be prepared to discuss the literature in class.

Semester: WiSe 2021/22