The student must write a WORKING PAPER, no longer than 40 pages, selecting one of the following subjects:

1. The Great Recession. ECB’s monetary policy in the crisis
2. The effects of the Great Recession in the Financial System of a member of the Eurozone. The student should select a country and study:
   • The situation before the crisis
   • How its financial system evolved during the Great Recession
   • Its Memorandum of Understanding (in case of)
   • Its future in the Eurozone and the Union Banking
3. The evolution of the European Financial System. The Union Banking
4. The European Union Banking. Its pillars and future
5. The role played by the ECB in the Covid-19 Pandemic. Coronabonds

In order to present the working paper, the student should take into account the following instructions:

1. A scheme is COMPULSORY. Working papers will not be admitted if the student doesn’t have presented a previous scheme and it doesn’t have been approved by the professor.  
2. The student should incorporate his own ideas, discuss the facts and propose some conclusions. It is not only a descriptive study
3. All statements should be supported by data

DEADLINES FOR SCHEMES AND WORKING PAPERS

SCHEMES:

• For those students who want to present his working paper in February: 1 of December 2020
• For those students who want to present his working paper in September: 31 of January 2021

WORKING PAPER:

• For those students who want to present his working paper in February: 1 of February 2021
• For those students who want to present his working paper in September: 1 of July 2021

The final qualification comes from the working paper.