BANKING AND FINANCIAL INTERMEDIARIES

Code Cours
2223-IÉSEG-MBK1S1-FIN-MBKCE08UE
Langue d'enseignement
English
Matières
FINANCE
Responsable(s)
A.BURIETZ
Intervenant(s)
Aurore Burietz-Barakat
Niveau
MSc in Investment Banking and Capital Markets
Année de formation
Période

Présentation

Prérequis
Finance fundamentals
Introduction to financial markets
Corporate finance
Objectifs
At the end of the course, the student should be able to:
understand the structure and the evolution of the banking industry (AACSB Learning Goal)
define the role of banks in the financial system and in the economy (AACSB Learning Goal)
describe and assess the quality of banks' financial statements
develop a critical view of the banking industry and assess the current issues related to this industry (AACSB Learning Goal)
Présentation
Topic 1 - Introduction and description of Financial intermediaries
Topic 2 - Focus on banks and the management of their financial statements
Topic 3 - Non-traditional banking activities
Topic 4 - Financial intermediaries and their role in financial crises from an historical perspective

Modalités

Organisation
Type Amount of time Comment
Présentiel
Cours interactif 24,00 Theory and Exercises
Autoformation
Lecture du manuel de référence 15,00 10 chapters + 1 research paper
Travail personnel
Group Project 20,00 2 Presentations
Charge de travail personnel indicative 16,00 Exam preparation
Overall student workload 75,00
Évaluation
The Assessment will take the form of two presentations: one consisting in analysing and comparing 2 banks to answer a specific question related to its level of diversification and its performance and the second one based on a research paper. In addition, there will be one final exam with theoretical and practical questions in which students will be asked to define, apply and use concepts learned in class to develop a critical view of the banking industry.
Control type Duration Amount Weighting
Examen (final)
Examen écrit 2,00 1 60,00
Contrôle continu
Exercices 0,25 2 40,00
TOTAL 100,00

Ressources

Bibliographie
Casu, B. Girardone, C. and Molyneux P. (2015). Introduction to Banking. Pearson Education, 2nd edition. -
Mishkin, F. (2013). The economics of money, banking and financial markets. Pearson Education Inc./Addison-Wesley, 10th edition. -
Calomiris, C. W. and Haber, S. H. (2014). Fragile by design. Princeton University Press. -
Acharya, V. V., I. Hasan and A. Saunders (2006). Should banks be diversified? Evidence from individual bank loan portfolios. The Journal of Business 79(3), 1355-1412. -
Acharya, V. V. and S. Steffen (2012). Analyzing systemic risk of the European banking sector. NYU Working Paper. -
Aiyar, S., C. W. Calomiris, J. Hooley, Y. Korniyenko and T. Wieladek (2014). The international transmission of bank capital requirements: Evidence from the UK. Journal of Financial Economics 113, 368-382. -
Allen, F. and A. M. Santomero (2001). What do financial intermediaries do? Journal of Banking and Finance 25, 271-294. -
Antoniades A. (2013). Liquidity risk and the credit crunch of 2007-2009: Evidence from the micro-level data on mortgage loan applications. MPRA Working Paper. -
Black, L. K. and R. J. Rosen (2016). Monetary policy, loan maturity, and credit availability. International Journal of Central Banking. -
Gorton, G. (2009). Slapped in the Face by the Invisible Hand: Banking and the Panic of 2007. Yale and NBER working paper. -
Claessens, S., A. Kose, and M. E. Terrones (2010). The global financial -
Crouhy, M. G., R. A. Jarrow, and S. M. Turnbull (2008). The subprime -
Reinhart, C. M. and K. S. Rogoff (2008c). This time is different: A panoramic -
Ureche-Rangau, L. and A. Burietz (2010). Is there a link between the american s&l crisis of the 80s and the subprime crisis? an analysis of bank returns. International Economics 122 (2), 57-87. -