Universität Wien

040119 KU Banking and Financial Intermediation 1 (MA) (2024S)

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

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

Blocked in the second half of the semester: Th 3.00 pm - 06.15 pm, HS 17, OMP1

1. Part
Start exceptionally on Wednesday, 08 May 2024, 3.00 pm - 4.30 pm in HS 10, OMP1, then change to HS 12 (both in second floor) from 4.45 pm - 06.15 pm.
Th 16 May 2024, 3.00 pm - 06.15 pm, HS 17, OMP1
Th 23 May 2024, 3.00 pm - 06.15 pm, HS 17, OMP1
Th 06 June 2024, 3.00 pm - 06.15 pm, HS 17, OMP1

Midterm: Fr 14 June 2024, 3.00 pm, HS 14, OMP1

2. Part
Th 13 June 2024, 3.00 pm - 06.15 pm, HS 17, OMP1
Th 20 June 2024, 3.00 pm - 06.15 pm, HS 17, OMP1

Final Exam:
Th 27 June 2024, 4.45 pm, HS 5, OMP1
Th 27 June 2024, 4.45 pm, HS 10, OMP1

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 framework for analysing issues in Financial Intermediation and link theories to empirical hypotheses and tests by using data.
The course commences with a brief theoretical foundation of the role of financial intermedi-aries in the economy and discuss the frictions that give rise to their existence. It explains the role of banks as delegated monitors and liquidity providers. It then elaborates on the costs and benefits of close bank-borrower relationship and certain features of loan contracting. Finally, it discusses the interaction between fintech companies and banks and explains the reasons for bank regulation.
There will be a guest lecture held by Dr. Philipp Kaiser-Hibienger (FMA) on the regulation and supervision of financial intermediaries.
Attendance is compulsory and the lecture forms part of the exam material.
Upon completing this course, students 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.
• Assess the importance and the limits of bank regulation and supervision.

Art der Leistungskontrolle und erlaubte Hilfsmittel

The course Financial Intermediation I consists of 8 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 will 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/tablet 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.

Language

The course is held in English.

Mindestanforderungen und Beurteilungsmaßstab

Attendance is compulsory. This also applies to the guest lecture. Missing more than one class without a medical certificate results in not receiving credit for the class.The evaluation will be based on the following items:
50% Midterm Exam
50% Final Exam
The exam is a closed-book exam. AI or auxiliary means are not allowed.

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: Do 14.03.2024 09:45