Alan N. Rechtschaffen

Courses

• Financial Instruments and the Capital Markets

  The topics we cover will be useful to future CEO's, capital market participants, world leaders, regulators and legal counsel. The course synthesizes law with business - describing financial instruments regulation and capital market participation. This course focusses on the structure of the capital markets, and the financial instruments used to enhance yield and manage risk. Our goal is to understand financial instruments and the capital markets in which they operate. We will focus on the economic and business applications of capital market participation, with regulation as a backdrop. The financial regulatory landscape is evolving rapidly in sync with developments in technology and financial innovation. Crises and scandals also play a major role.  We will discuss how regulation has evolved in the wake of the financial upheaval of the global pandemic, as well as The Great Recession. In the United States, a host of legislative acts, rules and policies created in response to crises shape our financial landscape.  We will look at financial systems, the evolution of money (e.g. Cryptocurrency), and the evolution of monetary policy to understand the current state of the capital markets and its regulation.  We will consider the role of policy and its impact on capital market trading activity.   Throughout the course we will focus on practical use cases.  We will discuss the role of the Federal Reserve as the US Central bank.   We will look at various exchange traded and over-the-counter structures, in the context of regulation and litigation, and examine major economic and global political events in the context of their impact on economies and policy.