040096 UK Special Topics in Banking and Finance: Financial Markets (2016W)
Continuous assessment of course work
Labels
Registration/Deregistration
Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).
- Registration is open from Mo 12.09.2016 09:00 to Th 22.09.2016 14:00
- Deregistration possible until Fr 14.10.2016 14:00
Details
max. 50 participants
Language: English
Lecturers
Classes (iCal) - next class is marked with N
Course start: 12.10.2016
Wednesday
12.10.
08:00 - 09:30
Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday
19.10.
08:00 - 09:30
Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday
09.11.
08:00 - 09:30
Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday
16.11.
08:00 - 09:30
Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday
23.11.
08:00 - 09:30
Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday
30.11.
08:00 - 09:30
Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday
07.12.
08:00 - 09:30
Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday
14.12.
08:00 - 09:30
Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday
11.01.
08:00 - 09:30
Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday
18.01.
08:00 - 09:30
Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Friday
20.01.
09:45 - 11:15
Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Wednesday
25.01.
08:00 - 09:30
Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Information
Aims, contents and method of the course
Assessment and permitted materials
Tasks
You have to
- prepare the lectures by reading the suggested literature,
- study the slides and handouts,
- attend every class meeting and participate actively in discussion.
You have to
- prepare the lectures by reading the suggested literature,
- study the slides and handouts,
- attend every class meeting and participate actively in discussion.
Minimum requirements and assessment criteria
Grading
Your grade will depend on
- your answers to the questions of the midterm exam (30%),
- your answers to the questions of the final exam (40%), as well as
- your presentation and your active participation in class (30%).
Your grade will depend on
- your answers to the questions of the midterm exam (30%),
- your answers to the questions of the final exam (40%), as well as
- your presentation and your active participation in class (30%).
Examination topics
Reading list
Charles Calomiris and Gary Gorton: The Origins of Banking Panics: Models, Facts and Bank Regulation, in Glenn Hubbard (ed.): Financial Markets and Financial Crises, University of Chicago Press, January 1991.Anna Cieslak, Morse Adair and Annette Vissing-Jorgensen: Stock Returns over the FOMC Cycle, Working Paper, Oct. 2015.Franklin Allen and Douglas Gale, Comparing Financial Systems, MIT Press.Thomas Gehrig: Capital, Trust and Competitiveness in the Banking Industry, CEPR-DP 9348, London, Feb. 2013.Thomas Gehrig: Changing Business Models in Banking and Systemic Risk, in H. Albach, H. Meffert, A. Pinkwart, H. Reichwald (Hrsg): Management of Permanent Change in Firms and Markets, Springer-Gabler, 2015.Jacob de Haan, Sander Oosterloo and Dirk Schoenmaker: Financial Markets and Institutions: A European Perspective, Cambridge University Press, 2nd edition 2012.Charles Kindleberger: Manias, Panics, Crashes, A History of Financial Crises, NY, Basic Books, 1978.Sam Langfield and Marco Pagano, Bank Bias in Europe: Effects on Systemic Risk and Growth, ECB Working Paper 1797, May 2015.Frederic S. Mishkin, The Economics of Money, Banking and Financial Markets, Business School Edition,11th ed., Pearson: Harlow, Engl., 2015.
Association in the course directory
Last modified: Mo 07.09.2020 15:28
This course provides an introduction into topical issues in the field of banking and finance. It aims at building a bridge between theoretical and methodological knowledge acquired in the first years to real world markets and applications. Current topics of interest include financial crises and the role of banks. Why do markets fail and how can prudential regulation improve their performance and resilience?
The course also serves as the basis for more advanced research, which may take the form of a bachelor thesis or even continued studies in form of subsequent master program in finance. Certain topics would lend themselves easily to bachelor theses in the general field of banking and finance.Course outline
1. Introduction
2. Main functions of the financial system
- intertemporal transfers
- insurance and hedging
- information production
3. Financial markets and the pricing of risk
- review: CAPM
- anomalies
- illiquidity and private information
4. The role of financial intermediaries
- banking functions
- banking risks
- financing of (risky) innovations
5. Topical issues
- Banking regulation
- Bank networks and systemic risk
- Securitization and financial innovation
- High frequency trading and systemic risk