Unit name | Banking Regulation and Financial Stability |
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Unit code | EFIMM0053 |
Credit points | 15 |
Level of study | M/7 |
Teaching block(s) |
Teaching Block 2 (weeks 13 - 24) |
Unit director | Dr. Danisewicz |
Open unit status | Not open |
Pre-requisites |
None |
Co-requisites |
Specifically for students studying on the MSc in Economics and Finance - if taking this unit, you can not take: EFIMM0006 - Banking OR EFIMM0054 - Principles of Financial Intermediation OR EFIMM0052 - Banking Management and Risk Management |
School/department | School of Accounting and Finance - Business School |
Faculty | Faculty of Social Sciences and Law |
This module starts with an introduction to banking crises, and discusses how central banks address financial stability considerations. Subsequently, the module discusses the role of monetary policy for bank risk taking, and how financial stability affects the real economy. The following themes are also covered: measurement of systemic risk; contagion in interbank markets; macroprudential regulation; bank bailouts; and stress testing financial systems. Students of this module will obtain a comprehensive overview of the role of regulation and supervision in banking.
On completion of this unit students should be able to:
Teaching will be delivered through a combination of synchronous and asynchronous sessions including lectures, tutorials, drop-in sessions, discussion boards and other online learning opportunities
This unit will be assessed by group coursework 30%, individual coursework 60% and tests 10%
There is no core text book available. This module relies on research papers and reports issued by central banks and international organisations. The papers in the journals from the reading list are essential reading material. The academic literature will be drawn from the following journals: American Economic Review; Journal of Finance; Journal of Financial Economics; Review of Financial Studies; Journal of Financial Intermediation; Journal of Money, Credit, and Banking. Students are expected to have obtained and read a copy of each paper in the essential reading list prior to each lecture or workshop.