Systemic Risk and Prudential Policy

Course overview

The objective of the Systemic Risk and Prudential Policy course is to present state of the frontier research on systemic risk and to illustrate its implications for micro and macro prudential regulation as well as monetary and competition policy.

The course covers the main models of systemic risk proposed in the literature and the quantitative techniques for the measurement and prediction of systemic risk.

The course provides a critical summary of the prudential regulation initiatives for systemic risk, highlighting the limitations of current prudential policy, the potential of the new macroprudential approach, and the costs and benefits of the proposed policy measures.

Additionally, the course examines the rise of shadow banks, the role of banks as providers of liquidity insurance, and the interaction between securitization and systemic risk.



  • Filippo Ippolito (UPF and Barcelona GSE), course director
  • Christian Brownlees (UPF and Barcelona GSE)
  • Xavier Freixas (UPF and Barcelona GSE)
  • José García-Montalvo (ICREA-UPF and Barcelona GSE)
  • José-Luis Peydró (ICREA-UPF and Barcelona GSE)
  • Victoria Vanasco (Stanford University)

Detailed instructor biographies and course plan are available below.

Key benefits

  • Learn what is systemic risk and how to measure it in practice
  • Learn what are the regulatory policy implications of systemic risk
  • Learn about key micro and macro prudential policies
  • Learn how to measure CoVaR and SRISK
  • Learn about the role of interbank and syndicated loan markets

Apply for this course

Apply to join this course

Dates and deadlines

  • Early-bird deadline: October 15, 2018
  • Applications close: November 7, 2018
  • Course dates: November 14-16, 2018

Fees and discounts

Early-bird (payment by Sep 17)

  • Regular Fee: 1960€
  • Reduced Fee: 1190€*

Fees after Sep 17

  • Regular Fee: 2800€
  • Reduced Fee: 1700€*

*See below for reduced fee eligibility or email us to request more information