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FINANCIAL MARKETS AND INSTITUTIONS

CODE 66704
ACADEMIC YEAR 2018/2019
CREDITS 9 credits during the 2nd year of 8697 Business Administration (L-18) GENOVA
SCIENTIFIC DISCIPLINARY SECTOR SECS-P/11
LANGUAGE Italian
TEACHING LOCATION GENOVA (Business Administration)
SEMESTER 2° Semester
SECTIONING This unit is divided into 2 sections:
PREREQUISITES
Prerequisites
You can take the exam for this unit if you passed the following exam(s):
  • Business Administration 8697 (coorte 2017/2018)
  • BUSINESS ADMINISTRATION 41125
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

Exam Board

LAURA NIERI (President)

ALESSANDRA TANDA

LESSONS

TEACHING METHODS

Lectures and seminars

LESSONS START

Sem: II

 

EXAMS

EXAM DESCRIPTION

Written examination, in English.

ASSESSMENT METHODS

The students who fail the exam can repeat it with no limitations.

 

Exam schedule

Date Time Location Type Notes
10/01/2019 10:30 GENOVA Scritto
22/01/2019 10:30 GENOVA Scritto
13/06/2019 10:00 GENOVA Scritto
27/06/2019 10:00 GENOVA Scritto
11/07/2019 10:00 GENOVA Scritto
12/09/2019 10:00 GENOVA Scritto

FURTHER INFORMATION

Attendance

Not compulsory