fi preliminaries 2013
TRANSCRIPT
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Fall term 2013
Prof. Dr. Martin Brown
Financial Institutions (7,155,1.00)
Course outline
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Why do banks exist and what should they do ?
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Why are bank contracts the way they are ?
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Why is the banking sector so fragile ?
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How does banking affect the real economy ?
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Why and how should banks be regulated ?
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Objective
You will understand the economics of banking
the existence of banks
the types of contracts (loan, deposit) banks offer and the type of
relationships they maintain with
the interactions between banking, business cycles and growth
banking regulation
You will get a (brief) overview of the risks which financial
institutions must manage
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Banking courses available in the MBF
Risk management Economics of banking
Financial Institutions
Financial institutions
management
Commercial
banking
Investmentbanking
Private banking
Treasury
management Household finance
Central banking
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ApproachWhat can you expect?
Key concepts
Greenbaum & Thakor: "Contemporary Financial Intermediation"
Theoretical underpinning
examples from Greenbaum & Thakor
Empirical evidence
classroom experiments
research papers
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Self - Study
Basic concepts
Greenbaum & Thakor, Chapter 1
3 Problem sets
analytical exercises
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Exam
Analytical exercises
Open questions on concepts & empirical evidence
Multiple choice questions on concepts & empirical evidence
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Outlinebefore the mid-term break
Date (Time)
Room
Topic Literature
(Greenbaum & Thakor)
Self-study
September 18
(10.15 13.00)
02-001
What is financial
intermediation?
Chapter 2: p. 42-72
Chapter 3: p. 92-103
Chapter 4: p. 127-158
September 25
(10.15 14.00)
02-001
Loans: Credit analysis Chapter 5
Problem set 1
October 2
(10.15 14.00)
02-001
Loans: Contracts and
relationships
Chapter 6
Problem set 2
October 9
(10.15 14.00)
02-001
Deposits Chapter 10
Problem set 3October 16
(10.15 14.00)
02-001
Deposit Insurance, the
Interbank market and the
Lender of Last Resort
Chapter 10
October 23
(10.15 14.00)
02-001
Corporate Governance &
Diversification
Chapter 14
De Haan & Vlahu (2013)
Cornett & Saunders, Chapter 21
Santander
case study
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Outlineafter the mid-term break
Date (Time)
Room
Topic Literature
(Greenbaum & Thakor)
Self-study
November 13
(10.15 14.00)
02-001
Financial intermediation
and macroeconomic
performance
Levine (1994)
Bernanke and Gertler (1995)
Trial examNovember 20
(10.15 14.00)
02-001
Bank regulation Chapter 11
December 4
(10.15 14.00)
02-001
Repetition session
December 18
(08.15 10.00)
02-001
09-010
Final exam
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Information and support
StudyNet: lecture notes
formulae sheets (for theoretical models)
problem sets
Support and contact:
Benjamin Guin ([email protected])