FINANCIAL INTERMEDIATION AND MARKETS
(objectives)
In line with the learning objectives of the Bachelor’s degree in Economics and Business Management (CLEGA), this course aims to provide the students with a sound basic knowledge of financial instruments, financial intermediaries, financial markets and the applying regulation. For each category of financial instrument, the course analyzes the main characteristics and trading methods. For firms operating in different sectors of financial intermediation (banking, securities, insurance), the course examine organization, strategy, and conditions for viability. Finally, the course focuses on regulation and supervision, also considering determinants and consequences of financial crises. At the end of the course, the students will have developed: • an in-depth knowledge of financial instruments, intermediaries and markets, their roles and functions; • the ability to analyse and interpret financial firms’ behaviour, also considering their regulation; • the ability to critically analyse the evolution of the financial system and its impact on the real economy.
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Code
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21201486 |
Language
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ITA |
Type of certificate
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Profit certificate
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Credits
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9
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Scientific Disciplinary Sector Code
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SECS-P/11
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Contact Hours
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60
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Type of Activity
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Core compulsory activities
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Group: A - D
Derived from
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21201486 FINANCIAL INTERMEDIATION AND MARKETS in Economics and business administration L-18 A - D CARATELLI MASSIMO
(syllabus)
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
(reference books)
Mishkin F.S., Eakins S.G. (2023), Financial Markets and Institutions, tenth edition, Pearson.
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Dates of beginning and end of teaching activities
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From 01/03/2023 to 22/12/2023 |
Delivery mode
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Traditional
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Attendance
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not mandatory
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Evaluation methods
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Written test
Oral exam
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Group: P - Z
Derived from
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21201486 FINANCIAL INTERMEDIATION AND MARKETS in Economics and business administration L-18 P - Z STENTELLA LOPES FRANCESCO SAVERIO
(syllabus)
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
(reference books)
Nadotti, L., Porzio, C., Previati, D. (2022). Economia degli intermediari finanziari. McGraw-Hill, Quarta Edizione
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Dates of beginning and end of teaching activities
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From 01/03/2023 to 22/12/2023 |
Delivery mode
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Traditional
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Attendance
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not mandatory
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Evaluation methods
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Written test
Oral exam
A project evaluation
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