From the banking panic in the United-States in 1907 to the subprime crisis in 2007, the economic history of the last century was characterized by an atypical frequency and size of successive bubbles and crashes at the four corners of the globe, boosted by globalization and a greater financialization of the capitalistic system. This course will hence cover a hundred years of financial and economic turmoil, putting the accent on major episodes, their causes and consequences. The course will be divided into three historical phases: the first spanning from 1907 to 1986 will, among other things, cover the 1929 crash, the end of the Bretton Woods system and the growing financial deregulation in the 1970s and 1980s. As for the second part of the course, covering the 1986-2006 period, it will stress on the greater financialization of the world economy and the successive financial crises, including the "lost decade" in Japan in the 1990s following the bursts of several bubbles, the Asian crisis in 1997 and the “Dot com” bubble in the early 2000’s. The last part of the course - from 2007 onward – will mainly put the accent on the international financial crisis, and will briefly tackle the euro zone debt crisis, and more recently the “bitcoin” bubble. Concluding remarks will focus on the consequent rising critical literature vis-à-vis the international financial model, and the new wave of financial regulations.

Temps présentiel : 17.5 heures

Charge de travail étudiant : 6 heures

Méthode(s) d'évaluation : Etude de cas