Università Roma Tre

The course aims, first of all, to provide an overview of the role and the main functions of the financial system. The central part of the course is dedicated to an analysis of the technical characteristics and of the economic and management profiles of financial instruments and markets. Finally, the course presents the objectives as well as the organization and the behavioral models of financial intermediaries, also considering the role of regulation and supervision.
1. Real economy, financial system and financial intermediation
2. Theory of financial intermediation
3. Financial instruments
4. Financial markets
5. Banking
6. Investment services and asset management
7. Insurance
8. Payment systems
9. Risks in financial intermediation
10. Regulation and supervision
11. Monetary policy

Mishkin F.S., Eakins S.G. (2018), Financial Markets and Institutions, ninth edition, Pearson.

The course offers an overview of the roles and main functions of the financial system in a modern economy. The course covers the analysis of financial instruments and markets as well as the objectives, the organization and the management of financial intermediaries. The role of regulation and supervision is covered in the final set of lectures.
1. Real economy, financial system and financial intermediation
2. Theory of financial intermediation
3. Financial instruments
4. Financial markets
5. Banking
6. Investment services and asset management
7. Insurance
8. Payment systems
9. Risks in financial intermediation
10. Regulation and supervision
11. Monetary policy

Mishkin F.S., Eakins S.G. (2018), Financial Markets and Institutions (global edition), first edition, Pearson.

Introduction.
Banking intermediation theories
The real system and the financial system
Functions and structure of the financial system
The typical risks of financial intermediaries (1)
The typical risks of financial intermediaries (2)
Financial instruments and their classification
Payment instruments
Debt instruments elements of yield and risk assessment
Debt instruments: review
Participation instruments
Insurance instruments and derivative instruments
Insurance instruments and derivative instruments: review
Financial markets.
The architecture of financial supervision
Securities intermediation and its regulation
Securities intermediation and its regulation

Nadotti, L., Porzio, C., Previati, D. (2022). Economia degli intermediari finanziari. McGraw-Hill, Quarta Edizione