Financial Geography (FIN126)

Course description

This course follows Capitals of Capital: The Rise and Fall of International Financial Centres 1780-2009 (Cambridge University Press) by Youssef Cassis, and investigates how the regional and global network of cities occupies a crucial position in understanding the development of financial markets. Our historical narrative is such that we primarily focus on the banking sector in Europe, while we constantly draw a comparison with the current situation. As a theoretical framework, Financial History allows us to flexibly examine the roles played by states, institutions, firms, and individuals, and to analyse the game-theoretical interaction among them. The knowledge (including methodology) obtained in this course shall be complementary to any modules offered within politics, economics, and finance.

Prof. Cassis of European University institute has kindly agreed to name this course after his eye-opening masterpiece.

Learning outcomes

  • Utilise historical narratives to explain various mechanisms within the financial markets.
  • Define and understand the network theories of international financial centres.
  • Demonstrate game-theoretical interaction among various financial actors.
  • Illustrate the complexity of contemporary financial markets with different incentives generated by each institutional setting.