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CODE 66704
ACADEMIC YEAR 2019/2020
CREDITS
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 2018/2019)
    • BUSINESS ADMINISTRATION 41125 2018
    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 aims to illustrate the structure and functioning of the financial system: the characteristics of financial instruments (investment, financing and risk management instruments) that are offered to households and businesses, as well as the types, role and functioning of financial intermediaries and financial markets.

At the end of the course, students:

- will know the structure of the financial system, the main types of financial intermediaries, the characteristics of the main financial instruments, the functioning of financial markets, the supervisory architecture on the financial system in Europe and in Italy, the strategy and operational structure of the European monetary policy;

- will be able to measure the return and risk of the main financial instruments;

- will be able to measure the result of a transaction in derivative instruments;

- will be able to build foreign exchange transactions;

- will be able to measure banks' exposure to credit, interest, market, liquidity and leverage risks;

- will be able to analyze the financial statement of the main financial intermediaries, through the calculation of appropriate ratios.

    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

    Exam Board

    FRANCESCA QUERCI (President)

    BARBARA ALEMANNI

    MARCO DI ANTONIO

    LAURA NIERI

    LESSONS

    LESSONS START

    Lessons begin February 2020.

     

    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
    16/01/2020 10:00 GENOVA Scritto
    30/01/2020 10:00 GENOVA Scritto
    11/06/2020 10:00 GENOVA Scritto
    25/06/2020 10:00 GENOVA Scritto
    16/07/2020 10:00 GENOVA Scritto
    09/09/2020 10:00 GENOVA Scritto

    FURTHER INFORMATION

    Attendance

    Not compulsory