Tier 3 · AdvancedFree
History of Financial Crises
When It Goes Wrong
8 modules~56 min totalVerifiable certificate on completion
Syllabus
01Leverage, Insolvency, and the Equity CushionMath
8 min02Maturity Transformation and Bank RunsMath
9 min03Duration Mismatch and Mark-to-Market LossesMath
9 min04The Anatomy of a Mania
6 min05The Silent Run
6 min06The Chain Reaction
6 min07The Triple-A Trap
6 min08Lender of Last Resort
6 minFrom Module 1 — read a sample
Leverage ratio = assets ÷ equity. A bank with $100 in assets and $4 of equity has 25× leverage. A 4% drop in asset value wipes out ALL equity — that's why leverage is dangerous.
Teaching a class?
Assign this course as homework. Students sign up free, work through the modules at their own pace, and earn a certificate with a public verification link they submit to you — no teacher account or setup required.
See the educator guide →