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Financial Intermediation I

Description

Objectives

The course aims at describing the structure of financial intermediaries, and in particular banks, and the tools to manage interest rate risk.

Description / Program

We begin by defining the various types of financial intermediaries, their typical balance sheet and risks they face. We then describe models to quantify the amount of interest rate and liquidity risk that is typically faced by banks.

Learning Method / Style of Lessons
Lectures will alternate between discussion of theoretical material and exercise sessions.

Exam Style

The course grade is based on:

80% in-class, closed-book final

20% take-home group assignment. The group must prepare a short (max 2 pages single-sided) executive summary that summarizes the analysis and addresses the questions that are given, and an Excel file with the solution. Both files should be sent no later than midnight of the due date in order to be considered for grading. The group members are also required to attend the class where the case will be discussed, when a randomly picked group will be required to present their solution.

Readings/Textbooks
Lecture notes will be made available on the course website. The recommended textbook for the course is “Financial Institution Management” by A. Saunders and M. Cornett.

People

 

Plazzi A.

Course director

Zanotti M.

Assistant

Additional information

Semester
Spring
Academic year
2021-2022
ECTS
3
Language
English
Education
Master of Science in Economics in Finance, Core course, Digital Finance, 1st year