Course: Financial Intermediation
Modules:
Welcome, Financial Intermediaries, Banks, The role of banks, Banks' funding structure, Introduction, The determinants of bank profits, The sources of risk for bank, Credit risk and its determinants, Liquidity risk and its determinants, Introduction, Income statement and banks' balance sheet, The measures of performance, Measures of risk from balance sheet data
Introduction, A simple theoretical framework, Discuss the three channels of influence, From theory to practice, Definition of the causal question and empirical challenges, Seminal contribution in the literature, What’s next?, Non-linear role of financial development, Application: Is Europe overbanked?, Introduction, Measures of financial development
Introduction to the Diamond-Dybvig Model, Assumptions of the model: Agents' preferences, Assumptions of the model: Technologies, Planner's problem: Definition, Planner's problem: Solution, Planner's problem: Derivation of further intuition, Planner's problem: Key intuition, What we learned so far, Competitive equilibrium with complete markets: Set up, Competitive equilibrium with complete markets: Solution, Competitive equilibrium with incomplete markets: Set up, Competitive equilibrium with incomplete markets: Formal problem, Competitive equilibrium with incomplete markets: Equilibrium prices, Competitive banking equilibrium: Introduction, Competitive banking equilibrium: Solution, What we learned so far, Bank runs: Introduction, Bank runs: Set up, Bank runs: Intuition and possible solutions, Suspension of convertibility: Set up, What we learned so far, What happened?, Originate-to-distribute "vs" Originate-to-hold, How do we know?
Introduction, The credit view, Investments in the CC-LM framework, Aggregate savings in the CC-LM, Banking sector in the CC-LM, Empirical evidence on the credit channel of monetary policy, Introduction, The channels of the financial accelerator, The balance sheet channel at work, Introduction, The bank lending channel, The bank lending channel at work
Introduction, The Monti-Klein model: Assumptions, The Monti-Klein model: Equilibrium, The Monti-Klein model with Oligopoly: Assumptions, The Monti-Klein model with Oligopoly: Equilibrium, What we learned so far, The Salop model: Assumptions, The Salop model: The competitive equilibrium /1, The Salop model: Intuition, What we learned so far, Definition of relationship banking, Discussion on relationship banking, Case study: The failure of Continental Illinois Bank, Case study: The sample of analysis, What we learned so far, The Matutes-Vives model: Assumptions, The Matutes-Vives model: Imperfect Information, The Matutes-Vives model: Policy Implications, The Allen-Gale model of competition and risk taking, The Boyd-De Nicoló model of competition and risk taking
Introduction: What is FinTech?, Digital banking, Crowdfunding, Digital payments, Digital asset management, What we learned so far, The origins of cryptocurrencies, Cryptocurrencies' monetary function, How cryptocurrencies work: The blockchain, How cryptocurrencies work: Anonymity, How cryptocurrencies work: Mining, What we learned so far, Are cryptocurrencies good means of exchange?, Can cryptocurrencies be used as a store of value?, A possible solution: Stablecoins, Further issues of cryptocurrencies: Dimension of the blockchain, Further issues of cryptocurrencies: Energy consumption, Further issues of cryptocurrencies: Speed