01645 - Financial Institutions Management

Learning outcomes

The purpose of the course is mainly to analyze the characteristics of Italian financial system and its functioning, through a study of its components: financial instruments, intermediaries and markets. Covered topics also include some basic models on the public control, i.e. regulations, monetary policy and central banking.

The Empirical analysis focuses on Italian system, as well as on EU. Particular attention is given to the banking activity.

Course contents

1)      The Financial Intermediation and characteristics of our financial system: definition and functioning.

2)      The structure of our financial system. The relationship between financial and real variables. The financial flows between different economic sectors.

3)      Financial instruments (treasury and corporate bonds, shares, derivatives) and the payment system. The concepts of Return and Risk of the financial instruments and pricing rules. The evaluation of financial instruments and determination of interest rate. Non-negotiable instruments as deposits and loans. Analysis of some innovative instruments and asset management.

4)      Financial markets: organization and functioning. Money market and currency market: functioning. Stock, bond and derivatives market. The concept of market efficiency.

5)      Financial Intermediaries: theoretical patterns and operational models. Characteristics and managerial problems of banks. Specificity of banks and loan problems. Non-banking financial institutions: the institutional investors.

6)      The risks of the financial intermediation.

7)      Regulations and public control: theories. Monetary policy. Analysis of “Basel II” rules.

Readings/Bibliography

Reference Textbook is:

-         R. Corigliano, L'intermediazione finanziaria, voll. 1 e 2, Bononia University Press - Bup, Bologna 2007.

Additional readings will be provided during the course.

Assessment methods

Valuation is based on a written exam, made of 11 multiple choices (total score: 11/30), one open question (total score: 10/30) and 3 some short questions based on a article taken from a financial journal (12/30). Total score is given by the sum of these three parts.

Teaching tools

You can find, if necessary, additional course material (books, notes, articles and so on) in our Department Library.

You can also find handouts and lecture slides on the teacher's website: http://www2.sa.unibo.it/~corigliano/index.html

Links to further information

http://www2.sa.unibo.it/docenti/corigliano/

Office hours

See the website of Rocco Corigliano