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