Macro-Finance
Course Number: 47876
This course will provide a macro-finance approach to understanding liquidity and illiquidity. Our approach will lay the foundations to understand central issues in money, monetary policy, banking, and financial intermediation more broadly. We we will then apply these concepts to better understand the most re- cent phenomenon in financial intermediation, "De-Fi" or Decentralized Finance. De-Fi is a form of financial intermediation that operates on blockchains which are decentralized, distributed ledgers. We will explore blockchains, how they work, and why they are secure. We will then examine a range of blockchain- based De-Fi arrangements and determine the extent to which these applications' decentralized implementations replicate, improve upon, or worsen classical issues of liquidity and illiquidity.
Degree: PhD
Concentration: Economics
Academic Year: 2023-2024
Semester(s): Mini 3
Required/Elective: Elective
Units: 6