Visit to Inholland University, the Netherlands

From December 11 to 15, 2017 with the support of the Erasmus+ EU grant for 2016-2017 Eduard Dzhagityan, Associate Professor of the Department of World Economy, held a series of interactive classes in the Faculty of Business, Finance & Law at the Inholland University of Applied Sciences, The Hague, the Netherlands.

The first, second, and third year students attended the course on ‘Post-crisis banking systems: Core specifics, perspectives, and challenges’ that highlights a number of aspects of the post-crisis architecture of the global banking systems. Students discussed various issues related to the performance of credit institutions while the aftermath of the global financial crisis has not yet been completely overcome, and the requirements for ensuring the resilience of banks and the banking sector are increasingly demanding the search for sources of systemic risks as well as tools and approaches to minimization of their effect. Issues of systemic risks are the focal point of the contemporary regulatory order. That is why Dr Dzhagityan elaborated on the agenda of international banking regulation, the post-crisis paradigm of which (Basel III, and the forthcoming Basel IV) has undergone significant changes stemming from a fundamentally new, anti-crisis centered regulatory model, including its macroprudential segment. He emphasized the functions of central banks (the U.S. Federal Reserve, the ECB, the Bank of England, the Central Bank of the Russian Federation), their role in ensuring the continuum of financial intermediation process that they pursue through a balanced monetary policy and inflation targeting.

During the visit Dr Dzhagityan met with faculty members in the Inholland’s campus located in the city of Rotterdam and exchanged information on teaching the disciplines in the financial, banking, and macrofinance areas.