Universität Wien FIND

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040119 KU Banking and Financial Intermediation 1 (MA) (2021S)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work
REMOTE

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).

Details

max. 50 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

Tuesday 02.03. 15:00 - 18:15 Digital
Tuesday 09.03. 15:00 - 18:15 Digital
Tuesday 16.03. 15:00 - 18:15 Digital
Tuesday 23.03. 15:00 - 18:15 Digital
Tuesday 13.04. 15:00 - 18:15 Digital
Tuesday 20.04. 15:00 - 18:15 Digital
Tuesday 04.05. 15:00 - 18:15 Digital
Tuesday 11.05. 15:00 - 18:15 Digital

Information

Aims, contents and method of the course

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 analyzing 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, and one guest lecture, held by PwC on 27.04.2021. The guest lectures form 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.

Assessment and permitted materials

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.

Minimum requirements and assessment criteria

The evaluation will be based on the following items:
50% Midterm Exam
50% Final Exam

Examination topics

All lecture materials and paper presentations.

Reading list

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.

Association in the course directory

Last modified: Mo 03.05.2021 11:07