CODE 66704 ACADEMIC YEAR 2018/2019 CREDITS 9 cfu anno 2 ECONOMIA AZIENDALE 8697 (L-18) - GENOVA SCIENTIFIC DISCIPLINARY SECTOR SECS-P/11 LANGUAGE Italian TEACHING LOCATION GENOVA SEMESTER 2° Semester SECTIONING Questo insegnamento è diviso nelle seguenti frazioni: A B PREREQUISITES Propedeuticità in ingresso Per sostenere l'esame di questo insegnamento è necessario aver sostenuto i seguenti esami: Business Administration 8697 (coorte 2017/2018) BUSINESS ADMINISTRATION 41125 2017 TEACHING MATERIALS AULAWEB OVERVIEW Course description The course examines the instruments and institutions that make up the financial system of the modern economy, such as bonds, stocks, derivatives, and the money market, as well as the role of banks in deposit and credit creation, insurance companies, asset management companies, etc.. Along the way, standard concepts and tools of financial analysis are covered, including the risk-return trade-off , the evaluation of financial instruments, the diversification of risk. AIMS AND CONTENT LEARNING OUTCOMES The course introduces to the knowledge of financial intermediaries, covering the following issues: role of financial intermediation in the economic system, economic functions of financial intermediaries, theory of financial intermediation, regulation and supervision, financial intermediaries’ income statement and balance sheet, financial intermediaries’ risks, financial instruments, organisation of financial markets. AIMS AND LEARNING OUTCOMES The course examines the instruments and institutions that make up the financial system of the modern economy, such as bonds, stocks, derivatives, and the money market, as well as the role of banks in deposit and credit creation, insurance companies, asset management companies, etc.. Along the way, standard concepts and tools of financial analysis are covered, including the risk-return trade-off , the evaluation of financial instruments, the diversification of risk. TEACHING METHODS Lectures and seminars SYLLABUS/CONTENT INTRODUCTION AND OVERVIEW OF FINANCIAL MARKETS SECURITIES MARKETS Money Markets Bond Markets Mortgage Markets Stock Markets Foreign Exchange Markets Derivative Securities Markets COMMERCIAL BANKS Commercial Banks: Industry Overview Commercial Banks’ Financial Statements and Analysis Regulation of Commercial Banks OTHER FINANCIAL INSTITUTIONS Other Lending Institutions: Savings Institutions, Credit Unions, and Finance Companies Insurance Companies Securities Firms and Investment Banks Investment Companies Pension Funds RISK MANAGEMENT IN FINANCIAL INSTITUTIONS Types of Risks Incurred by Financial Institutions Managing Credit Risk on the Balance Sheet Managing Liquidity Risk on the Balance Sheet Managing Interest Rate Risk and Insolvency Risk on the Balance Sheet Managing Risk off the Balance Sheet with Derivative Securities Managing Risk off the Balance Sheet with Loan Sales and Securitization RECOMMENDED READING/BIBLIOGRAPHY Anthony Saunders and Marcia Cornett, (2018), "Financial Markets and Institutions", Mc-Graw-Hill, 7th Edition.ns, MCGraw- Hill, 2015, 6th edition. TEACHERS AND EXAM BOARD FRANCESCA QUERCI Ricevimento: Thursday, 14.15. Possible changes will be communicated through the Aulaweb portal. Exam Board FRANCESCA QUERCI (President) BARBARA ALEMANNI MARCO DI ANTONIO LAURA NIERI LESSONS LESSONS START Sem: II Class schedule FINANCIAL MARKETS AND INSTITUTIONS A EXAMS EXAM DESCRIPTION Written examination, in English. ASSESSMENT METHODS The students who fail the exam can repeat it with no limitations. Exam schedule Data appello Orario Luogo Degree type Note 11/01/2019 10:30 GENOVA Scritto 24/01/2019 10:30 GENOVA Scritto 07/02/2019 10:30 GENOVA Scritto 13/06/2019 10:30 GENOVA Scritto 27/06/2019 10:30 GENOVA Scritto 11/07/2019 10:30 GENOVA Scritto 12/09/2019 10:30 GENOVA Scritto FURTHER INFORMATION Attendance Not compulsory
