Learning outcomes

Understanding the sources of funds of a firm. Understanding the role of financial intermediaries and of financial markets. Applying theories of asymmetric information and of imperfect competition to the financial system. Understanding debt crises and debt relief, banking regulation, banking crises and monetary interventions. 

Content

1. Financing firms 2. Bank risks and operations 3. Finance and economic development 4. Competition and industrial organization in the banking sector 5. Regulation of the banking sector  6. Banking and financial crises

Teaching methods

Weekly classes with extensive set of slides, possibility of class discussion of homeworks based on textbook chapters or on papers. Possibility of student presentations on current issues.

Assessment method

Oral exam - Homeworks : 25% (optional) Class presentation : 25% (optional)

Sources, references and any support material

HULL, John (2009) Risk Management and Financial Institutions" (2nd Ed.) New-York, Pearson, 556pp. FREIXAS, X. & ROCHET, J.C. (2008) "Microeconomics of Banking" (2nd Ed.) MIT Press, 364 pp. * Mishkin, F. & Eakins, S. (2000) Financial Markets and Institutions (3d. Ed.), Reading (Mass.): Addison Wesley. Chap. 14 à 22, ou - Mishkin, F., Bordes C., Hautcoeur, P-C, Lacoue-Labarthe, D. (2004) Monnaie, Banque et Marchés financiers , 7e Ed. Pearson Education. Chap. 8 à 12. - Glen R. Hubbard (1994) Money, the Financial System & the Economy Addison Wesley Publishing Company

Language of instruction

English