Advanced Financial Intermediation
Instructors
and
Marc Altdörfer, Annika Hanke
Overview
Why are financial intermediaries such as banks and mutual funds different from other industries? How did Lehman Brothers’ bankruptcy bring financial systems worldwide to the brink of collapse? What is the “shadow banking system” and how on earth are individual hedge fund managers able to earn more than one billion dollars per year?
These questions are answered by various teaching forms such as classical lectures, talks by industry experts, academic paper presentations, presentations by students covering topical issues, and by solving problem sets and case studies.
Course Outline
- Why are financial institutions special?
- Depository institutions
- Securities brokerage and investment banks
- Insurance companies
- Finance companies
- Mutual funds and hedge funds
- Private equity and venture capital
- Risks of financial institutions
- Rating agencies
- Capital adequacy
- Securitization
- Deposit Insurance and other liability guarantees
Course Schedule
Wednesdays: 12:15 - 1:45pm (N24/226) and Thursdays: 10:15 - 11:45 am (H12). There will be one problem solving session (replacing a lecture) every second week
Exam
Final exam (date; time; location): 25th of July, 2016; 4:15-5:45 pm; H13
Retake exam (date; time; location): 7th of October, 2016; 10:15-11:45 am; H11
Grading
Final exam: 100 percent ("open" form)
Course Material
Available to students via Moodle. Required password to download course material will be provided in the first lecture.
Textbook
Saunders/Cournett: Financial Institutions Management
Book list
Selected books for the course
The course is open for
WiWi [MSc, Dipl.], WiMa [MSc, Dipl.], WiPhy [MSc, Dipl.], Finance [MSc] and others according to study plan
Master of Science (7 credits)
Master of Finance (7 credits)