Learning objectives
The course aims to illustrate the structural characteristics of a financial system, supplying the conceptual framework to understand the role of financial institutions in the economic system. At the end of the course the students will have acquired the knowledge necessary to understand the main problems that concern the characteristics and the development of the financial system in general, the aims and scope of financial supervision, the economic equilibrium of the main types of intermediaries and their management, the characteristics of financial instruments and methods for their evaluation.
Prerequisites
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Course unit content
1 The structure and role of the financial system 2 Financial balances and financial intermediation 3 The demand for financial services 4 Valuation of financial instruments 5 Financial markets 6 The conditions of financial market efficiency 7 Market imperfections and the role of financial institutions 8 The activities of financial institutions 9 The payment system and the role of banks 10 Banks: features and functions 11 Non-banking financial institutions 12 Insurance companies 13 The management of financial institutions 14 Risk management: principles and methods 14 Supervising the financial system: objectives and authorities 15 The tools for supervision
Full programme
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Bibliography
Ronchini B., Il sistema finanziario: funzioni, istituzioni e servizi, dispensa in pdf, 2012.
Munari L., Gli strumenti finanziari e creditizi, seconda edizione, McGraw Hill, 2011
Teaching methods
Traditional lessons and exercices
Assessment methods and criteria
Written examination
Other information
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