For better or worse, the financial system is critical for a modern, market-based economy. Students will be trained in the economics of the banking industry and learn to assess and participate in the current policy debate on financial sector reform.
To be determined
Students will learn about the role of the financial system in general and banks in specific for the modern market economy. We will discuss how the financial system can contribute to the operation and growth of the economy but also the causes of the recent crisis. We will discuss the need for regulation and supervision and the optimal structure thereof. Risk management of financial institutions will be discussed. Throughout the course, we will refer to current policy debates. These, for instance, relate to bank activities, bank size, bank internationalization and the trade-off between bank regulation and taxation.
Type of instructionsLecture (2 hours every week), tutorial (2 hours, selected weeks)
Type of examswritten exam plus paper
- A.N. Berger, Ph. Molyneux & J.O.S. Wilson (eds.), The Oxford Handbook of Banking, Oxford University Press, 2012, ISBN 978-0-19-964093-5. paperback version, selected chapters
- Papers on Blackboard.
- Lecture Notes.