040054 KU Banking and Financial Intermediation 1 (MA) (2022W)
Prüfungsimmanente Lehrveranstaltung
Labels
GEMISCHT
An/Abmeldung
Hinweis: Ihr Anmeldezeitpunkt innerhalb der Frist hat keine Auswirkungen auf die Platzvergabe (kein "first come, first served").
- Anmeldung von Mo 12.09.2022 09:00 bis Fr 23.09.2022 12:00
- Anmeldung von Mi 28.09.2022 09:00 bis Do 29.09.2022 12:00
- Abmeldung bis Fr 14.10.2022 23:59
Details
max. 100 Teilnehmer*innen
Sprache: Englisch
Lehrende
Termine
DI 29.11.2022_09.45-13.00_Digital
DI 06.12.2022_09.45-13.00_Digital
DO 08.12.2022_10:00 - 13.15_Digital
FR 16.12.2022_08.00-09.30_ Midterm exam on site in HS 4, OMP, earthfloor
DI 10.01.2023_09.45-13.00_Digital
DI 17.01.2023_09.45-13.00_Digital
DI 24.01.2023_09.45-13.00_Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock /
Guest Lecture: Bank Regulation (Dr. Philipp Kaiser-Hiebinger, FMA) and Fintech (Dr. Roberto Pinto, University of Lancaster)
Di, 31.01.2023 _09:45 - 11:15_Final exam DIGITAL
Information
Ziele, Inhalte und Methode der Lehrveranstaltung
Art der Leistungskontrolle und erlaubte Hilfsmittel
The course “Financial Intermediation I” consists of 7 three hour sessions. Sessions consist of lectures, covering both theory and empirics.
What do I expect from you in class
This is an interactive course, where your active participation is required. Attendance is compulsory.
A learning area will be available in the Intranet (Moodle). There, you would find instructions for the sessions, communications, bibliography, etc. Please look at it a couple of times a week. Slides of the sessions will also be posted here, always BEFORE the class.
Laptop/tablets policy.
You are not supposed to use your laptop/tablets during case discussions. You have to be 100% focused in the discussions. You may use your laptops/tablets on the lectures/discussion sessions ONLY for academic purposes, emailing, facebooking, tweeting, chatting, skyping, internet surfing, etc. should NOT be done during classes. Engaging yourself in such activities would penalize strongly your grade on class participation.
What do I expect from you in class
This is an interactive course, where your active participation is required. Attendance is compulsory.
A learning area will be available in the Intranet (Moodle). There, you would find instructions for the sessions, communications, bibliography, etc. Please look at it a couple of times a week. Slides of the sessions will also be posted here, always BEFORE the class.
Laptop/tablets policy.
You are not supposed to use your laptop/tablets during case discussions. You have to be 100% focused in the discussions. You may use your laptops/tablets on the lectures/discussion sessions ONLY for academic purposes, emailing, facebooking, tweeting, chatting, skyping, internet surfing, etc. should NOT be done during classes. Engaging yourself in such activities would penalize strongly your grade on class participation.
Mindestanforderungen und Beurteilungsmaßstab
Attendance is COMPULSORY. The evaluation will be based on the following items:
50% Mid-term Exam
50% Final Exam
50% Mid-term Exam
50% Final Exam
Prüfungsstoff
All lecture materials and paper presentations.
Literatur
The main reading material for the course is contained in:
• Lecture Notes
• Freixas, X. and Rochet, J.-C. (2008), Microeconomics of Banking, MIT Press.
• Gorton, G. and Winton, A. (2003), “Financial intermediation”, Handbook of the Economics of Finance, Vol. 1, 431–552.
• Greenbaum, S., Thakor A., and Boot, A. (2016), Contemporary Financial Intermediation, Elsevier Press.
• Research papers covered in the lectures.
• Lecture Notes
• Freixas, X. and Rochet, J.-C. (2008), Microeconomics of Banking, MIT Press.
• Gorton, G. and Winton, A. (2003), “Financial intermediation”, Handbook of the Economics of Finance, Vol. 1, 431–552.
• Greenbaum, S., Thakor A., and Boot, A. (2016), Contemporary Financial Intermediation, Elsevier Press.
• Research papers covered in the lectures.
Zuordnung im Vorlesungsverzeichnis
Letzte Änderung: Di 06.12.2022 11:08
This course commences with a brief theoretical foundation of intermediation theory, and then moves on to introduce students to key themes in financial intermediation such as the role of banks as delegated monitors; banks as liquidity providers; bank-borrower relationships and loan contracting; the industrial organization view of the banking systems and the reasons for regulation. The module places emphasis on the theoretical foundations of the microeconomics of banking and how these theories guide researchers to formulate empirical hypotheses and testing them in the data.
There will be one guest lecture.
Upon completing this course student should be able to:
• Understand the main functions of financial intermediaries
• Discuss the importance of these functions for the efficient resource allocation in the economy.
Course Content
Session 1: Introduction: Why are financial intermediaries useful?
Liquidity Creation by banks
Session 2: The role of banks in resolving informational frictions (delegated monitoring)
Session 3: Relationship banking: Theory and Empirics
Midterm Exam
Session 4: Introduction to the theory of bank regulation
Session 5: Fintech (by Dr. Roberto Pinto, Lancaster University) + Wrap-up and exam preparation
Session 6: PwC Guest Lecture: The Future of Banking
Final Exam