OVERVIEW

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 aims to illustrate the structure and functioning of the financial system: the characteristics of financial instruments (investment, financing and risk management instruments) that are offered to households and businesses, as well as the types, role and functioning of financial intermediaries and financial markets.

At the end of the course, students:

- will be able to depict the structure of the financial system, the main types of financial intermediaries, the characteristics of the main financial instruments, the functioning of financial markets, the supervisory architecture on the financial system in Europe and in Italy, the strategy and operational structure of the European monetary policy;

- will be able to measure the return and risk of the main financial instruments;

- will be able to measure the result of a transaction in derivative instruments;

- will be able to build foreign exchange transactions;

- will be able to measure banks' exposure to credit, interest, market, liquidity and leverage risks;

- will be able to analyze the financial statement of the main financial intermediaries, through the calculation of appropriate ratios.

Teaching methods

Lectures and seminars

SYLLABUS/CONTENT

• INTRODUCTION AND OVERVIEW OF FINANCIAL MARKETS
• SECURITIES MARKETS
  • Money Markets
  • Bond Markets
  • Stock 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

RECOMMENDED READING/BIBLIOGRAPHY

Exam Board

FRANCESCA QUERCI (President)

LAURA NIERI

MARCO DI ANTONIO

BARBARA ALEMANNI

Teaching methods

Lectures and seminars

LESSONS START

Lessons begin February 2021.

As established by the University of Genova for all its courses, also the lessons of the course "Markets and Financial Intermediaries"  will start online and continue in blended mode (some lessons in presence, others online) according to the calendar posted on the Aulaweb page.

To access the classrooms, please follow the provisions by the Department of Economics and Business Studies.

ORARI

L'orario di tutti gli insegnamenti è consultabile su EasyAcademy.

Vedi anche:

FINANCIAL MARKETS AND INSTITUTIONS A

Exam description

Foreign students are invited to send an e-mail to: querci@economia.unige.it

Assessment methods

The exam includes multiple-choice questions as well as open-ended questions and excercises.

Exam schedule