Learning Outcomes
Upon successful completion of this course the student is able to
a) understand the contribution and the risks associated to the banking sector in a European context
b) calculate price, return and price sensitivity of money market, capital market and foreign exchange market instruments
c) identify and manage banking problems and risks
d) decide on the solvency of banks and their compliance with the rules of Basel III
e) identify the goals of monetary policy and figure out the expected projections of prices, interest rates and the yield curve
Course Content (Syllabus)
The course examines the functioning of the banking sector and its contribution to the real economy. In particular, we analyze the structure of the financial system, financial intermediation and the participation of banks in providing liquidity to the economy, in the process of money creation and in making settlement and transfer services. We also examine pricing and equilibrium formulas in the money market (treasury bills, interest rate curve), the capital market (government bonds) and the foreign exchange market (forward spread). We additionally examine the structure of the Euro-System, the role of the European Central Bank and the objectives and instruments of monetary policy in the Eurozone. Finally we address the issue of credit risk and banking supervision, measurement and management of bank risk and in compliance to Basle I, II, III.
Course Bibliography (Eudoxus)
Σύγγραμμα 1 : Π. Αγγελόπουλου, Τράπεζες και Χρηματοπιστωτικό Σύστημα, Εκδ. Σταμούλη, Αθήνα Β' έκδοση 2010
Σύγγραμμα 2 : P. Howells, K. Bain, Χρήμα, Πίστη, Τράπεζες - Μια Ευρωπαϊκή προσέγγιση, τόμος Α' και B’, Εκδ. Κριτική, Αθήνα 2009