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FINANCIAL MARKETS AND INSTITUTIONS

CODE 66704
ACADEMIC YEAR 2021/2022
CREDITS
  • 9 cfu during the 2nd year of 8697 ECONOMIA AZIENDALE(L-18) - GENOVA
  • SCIENTIFIC DISCIPLINARY SECTOR SECS-P/11
    LANGUAGE Italian
    TEACHING LOCATION
  • GENOVA
  • 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 2020/2021)
    • BUSINESS ADMINISTRATION 41125
    TEACHING MATERIALS AULAWEB

    OVERVIEW

    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.

    PREREQUISITES

    Students are expected to have passed the exam of Business Adminstration.

    They have also advised to have a thorough knowledge of Financial mathematics.

    TEACHING METHODS

    The course entails different teaching methods such as Lectures, Case Studies, Seminars and Workshop with Professionals, Assignments using Aulaweb platform, Auto evaluation tests.

    In consideration of the current COVID-19 emergency, if restrictions persist and traditional face-to-face classrooms teaching is not be possible, blended learning methods will be adopted and the whole course will be available also online. More details will be provided to the students at the beginning of the semester via AulaWeb.

    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, "Financial Markets and Institutions", Mc-Graw-Hill, 7th Edition.

    TEACHERS AND EXAM BOARD

    Exam Board

    FRANCESCA QUERCI (President)

    BARBARA ALEMANNI

    MARCO DI ANTONIO

    LAURA NIERI

    LESSONS

    LESSONS START

    Lessons start in the second semester. 

     

    EXAMS

    EXAM DESCRIPTION

    The final exam is a theoretical and practical assignment.

    Students who attend lectures regularly may choose the 'continuos valuation method' that implies 3-4 assignments and an intermediate exam.

    ASSESSMENT METHODS

    The assignment includes multiple-choice questions; open questions; exercises and problems.

     

    Exam schedule

    Date Time Location Type Notes
    16/12/2021 10:00 GENOVA Scritto Le modalità d'esame possono variare in relazione all'andamento della situazione sanitaria.
    13/01/2022 10:00 GENOVA Scritto Le modalità d'esame possono variare in relazione all'andamento della situazione sanitaria.
    03/02/2022 10:00 GENOVA Scritto Le modalità d'esame possono variare in relazione all'andamento della situazione sanitaria.
    11/05/2022 13:00 GENOVA Scritto appello straordinario riservato esclusivamente ai laureandi a.a. 2020/21
    11/05/2022 13:00 GENOVA Scritto Appello straordinario riservato esclusivamente ai laureandi a.a. 2020/21
    01/06/2022 10:00 GENOVA Scritto Le modalità d'esame possono variare in relazione all'andamento della situazione sanitaria.
    16/06/2022 10:00 GENOVA Scritto Le modalità d'esame possono variare in relazione all'andamento della situazione sanitaria.
    07/07/2022 10:00 GENOVA Scritto Le modalità d'esame possono variare in relazione all'andamento della situazione sanitaria.
    08/09/2022 10:00 GENOVA Scritto Le modalità d'esame possono variare in relazione all'andamento della situazione sanitaria.

    FURTHER INFORMATION

    If the final score in below 16/30 the exam cannot be repeated in the next date.