Unit name | Principles of Financial Intermediation |
---|---|
Unit code | EFIMM0054 |
Credit points | 15 |
Level of study | M/7 |
Teaching block(s) |
Teaching Block 2 (weeks 13 - 24) |
Unit director | Professor. Klaus Schaeck |
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 EFIMM0053 - Banking Regulation and Financial Stability 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 covers 10 key themes in banking. It is based on seminal academic papers written on why banks exist, how banks create liquidity, the role of banks for economic growth, bank-borrower interaction, relationship lending, loan pricing, the role of international banking, industrial organization of banking systems, how regulation affects bank behaviour, and how bailouts affect structure and performance of banks and banking markets. The module illustrates the use of applied microeconometric techniques in the context of banking and therefore also benefits students in the choice and development of their dissertation topic.
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% and exam 70%
The core text for this module is Degryse, Kim, and Ongena (2009) Microeconometrics of Banking: Methods, applications, and results. Oxford University Press. The core text is supplemented with references to the academic literature in the slides that will accompany each lecture. The papers in the journals from the reading list are essential reading material. The academic literature will be drawn from the following journals: Quarterly Journal of Economics; American Economic Review; Journal of Finance; Journal of Financial Economics; Review of Financial Studies; Journal of Financial and Quantitative Analysis; Journal of Financial Intermediation; and the Journal of Money, Credit, and Banking. Students are expected to have obtained and read a copy of each chapter and/or paper in the essential reading list prior to each lecture or workshop.