- Docente: Gabriella Chiesa
- Credits: 5
- SSD: SECS-P/01
- Language: Italian
- Teaching Mode: In-person learning (entirely or partially)
- Campus: Bologna
- Corso: Second cycle degree programme (LS) in LMEC- Graduate degree in Economics (cod. 0220)
Course contents
The course develops and applies tools of Economics of Information and Incentives for a deep understanding of financial markets and their interaction with the real economy.
It will cover the following topics:
- The economics of lender-borrower relationship: Theory of financial contracts, equilibrium and constrained efficiency in credit markets;
- The role for and theory of financial intermediaries;
- Credit cycles and real cycles;
- Liquidity, asset prices and real cycles.
Readings:
Jean Tirole, The Theory of Corporate Finance, Princeton University press, 2006 (Parts II and VI).
Freixas, X., and J.C. Rochet, Microeconomics of Banking, MIT Press, 1998 (Chapters 5 and 6).
Lecture notes and further readings will be made available.
Office hours
See the website of Gabriella Chiesa