Economics of Financial Institutions and Financial Systems

Recommended Prerequisites

  Economics of Money and Finance, Microeconomics I and II, Macroeconomics I and I. 

Teaching Methods

Theoretical lectures and tutorials. During the tutorials the students present and discuss articles on the subjects of the course.   

Learning Outcomes

Students should acquire skills that enable them to acquire competencies on: 1) analysis of the nature and functioning of the  financial institutions and financial systems; 2) analysis of asymmetric information and credit rationing; 3) systemic risk problems; 4) Supervision and regulatory instruments; 5) causes and nature of financial crises; 6) process of financial integration and financial stability in Europe.  

Work Placement(s)

No

Syllabus

  1. Financial intermediation

2. Asymmetric information and credit rationing

3. Individual risk and systemic risk in the banking system

4. Bank regulation and supervision. The Basel Accords

5. Financial crisis

6. Financial integration and stability in Europe.  

Head Lecturer(s)

José Alberto Soares da Fonseca

Assessment Methods

Assessment
Periodic or by final exam as given in the course information: 100.0%

Bibliography

 FREIXAS, Xavier ; ROCHET, Jean-Charles — Microeconomics of banking. Cambridge, Mass. : MIT Press, 1997.

KOHN, Meir G. — Financial institutions and markets. 2nd ed. New York : Oxford University Press, 2004.

LEWIS, Mervyn K. ; MIZEN, Paul D. — Monetary economics. Oxford : Oxford University Press, 2000.

MATTHEWS, Kent; THOMPSON, John — The Economics of banking. 2nd ed.. Chichester: John Wiley & Sons, 2008.

WHITE, Lawrence H. — The theory of monetary institutions. Malden : Blackwell Publishers, 1999.

 

EUROPEAN CENTRAL BANK — Financial Integration in Europe (anual)

EUROPEAN CENTRAL BANK — Financial Stability Review (semestral)