This term's course will cover topics in corporate finance and in financial institutions.
Firms raise money by selling shares, selling bonds or by borrowing from banks.
The course will present empirical evidence as well as theoretical models. I also hope to include some relevant presentations of recent and ongoing research, either my own or that of past and present PhD students I have supervised. As well as corporate finance, the first part of the course will cover market microstructure which has not been covered so far in any of the phd courses. While much of corporate finance is about how asymmetric onformation affects the relationships between firms and markets, microstructure is largely about how asymmetric information affects securities markets. Hence, there is some common ground.