Universität Wien

040119 KU Banking and Financial Intermediation 1 (MA) (2020S)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Prüfungsimmanente Lehrveranstaltung
Moodle

An/Abmeldung

Hinweis: Ihr Anmeldezeitpunkt innerhalb der Frist hat keine Auswirkungen auf die Platzvergabe (kein "first come, first served").

Details

max. 50 Teilnehmer*innen
Sprache: Englisch

Lehrende

Termine (iCal) - nächster Termin ist mit N markiert

During the Corona crisis, teaching will take place via Moodle and Zoom.

Examination method: It will be an online exam under time pressure

The new date for the midterm exam is May 5 15:00-16:15

  • Dienstag 17.03. 15:00 - 18:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Dienstag 24.03. 15:00 - 18:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Dienstag 31.03. 15:00 - 18:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Dienstag 21.04. 15:00 - 18:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Dienstag 28.04. 15:00 - 18:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Dienstag 05.05. 15:00 - 18:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Dienstag 12.05. 15:00 - 18:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Dienstag 12.05. 16:45 - 18:15 Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock

Information

Ziele, Inhalte und Methode der Lehrveranstaltung

The Financial Intermediation I course is an introductory course that forms the first part of a two-course sequence covering topics in Financial Intermediation. The aim of the course is to provide a broad conceptual and practical platform for analysing issues in Financial Intermediation.
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, held by Dr. Roberto Pinto (University of Lancaster), which will focus on the challenges of the digital era for banking and cryptocurrencies. Attendance is compulsory and the lecture forms part of the exam material.
Upon completing this course student should be able to:
• Understand the main functions of financial intermediaries
• Discuss the importance of these functions for the allocation of resources 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)
Session 4: Relationship banking: Empirics
Session 5: Fintech (guest lecture)
Midterm Exam
Session 6: Introduction to the theory of bank regulation
Session 7: Exam Preparation (date tba)

Final Exam

Course Plan

Tuesday 17.03.2020 15:00-18:15 Recording available on Moodle
Tuesday 24.03.2020 15:00-18:15 Zoom
Tuesday 31.03.2020 15:00-18:15 Zoom
Tuesday 21.04.2020 15:00-18:15 Zoom
Tuesday 28.04.2020 15:00-18:15 Zoom
Tuesday 05.05.2020 15:00-16:15 Zoom Midterm Exam
Tuesday 05.05.2020 16:45-18:15 Zoom Guest Lecture
Fintech
Tuesday 12.05.2020 16:30-17:30 Zoom Final Exam

Note: A Q&A session will be held on the week of the final exam. Date is to be announced

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 strongly penalize 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

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.

Zuordnung im Vorlesungsverzeichnis

Letzte Änderung: Mo 07.09.2020 15:19