Financial Intermediation
- Offered byCoursera
Financial Intermediation at Coursera Overview
Duration | 12 hours |
Start from | Start Now |
Mode of learning | Online |
Official Website | Go to Website  |
Credential | Certificate |
Financial Intermediation at Coursera Highlights
- Earn a certificate from Coursera
- Add to your LinkedIn profile
- 20 quizzes, 6 assignments
Financial Intermediation at Coursera Course details
- By taking this course, students will learn the role played by financial intermediaries in modern economies, their vital role to finance investments and the sources of risk associated with such intermediation activity
- The course is structured to provide students with both theoretical notions, through the derivation of models developed by the literature, and empirical application, that are based on real data analyses
- The topics covered include the role of financial development and banking activity for economic growth; the role of banks for the occurrence of financial crisis and the regulatory initiatives to avoid excessive risk-taking; the propagation of financial intermediaries for macroeconomic shocks; the microeconomics of banking, with emphasis on the role of market competition and the determinants of bank-firm relationships; the technological innovation that takes the name of "Fintech revolution" and how it is potentially disrupting traditional financial intermediation
- Suggested prerequisites for this course are microeconomics, econometrics and mathematics for economists
Financial Intermediation at Coursera Curriculum
Introduction to financial intermediation and bank risk management
Welcome
Financial Intermediaries
Banks
The role of banks
Banks' funding structure
Introduction
The determinants of bank profits
The sources of risk for bank
Credit risk and its determinants
Liquidity risk and its determinants
Introduction
Income statement and banks' balance sheet
The measures of performance
Measures of risk from balance sheet data
A taxonomy of financial institutions
The optimal amount of bank reserves
Leverage and the role of bank capital
Measures of risk from market data
Sources of data in the real world
Summary of the week
Let's practice!
Let's practice!
Let's practice!
Introduction to financial intermediation and bank risk management
Finance and economic growth: the role of banks for economic development
Introduction
A simple theoretical framework
Discuss the three channels of influence
From theory to practice
Definition of the causal question and empirical challenges
Seminal contribution in the literature
What’s next?
Non-linear role of financial development
Application: Is Europe overbanked?
Introduction
Measures of financial development
Empirical results
The instrumental variable approach in a cross-country analysis
Combining macro question with more granular data
Case study: Is Europe overbanked?
Sources of macro data
Measures of economic development
Problem set with data
Summary of the week
Let's practice!
Let's practice!
Let's practice!
Finance and economic growth: the role of banks for economic development
Financial crises: banks’ funding structure and its implications for instability
Introduction to the Diamond-Dybvig Model
Assumptions of the model: Agents' preferences
Assumptions of the model: Technologies
Planner's problem: Definition
Planner's problem: Solution
Planner's problem: Derivation of further intuition
Planner's problem: Key intuition
What we learned so far
Competitive equilibrium with complete markets: Set up
Competitive equilibrium with complete markets: Solution
Competitive equilibrium with incomplete markets: Set up
Competitive equilibrium with incomplete markets: Formal problem
Competitive equilibrium with incomplete markets: Equilibrium prices
Competitive banking equilibrium: Introduction
Competitive banking equilibrium: Solution
What we learned so far
Bank runs: Introduction
Bank runs: Set up
Bank runs: Intuition and possible solutions
Suspension of convertibility: Set up
What we learned so far
What happened?
Originate-to-distribute "vs" Originate-to-hold
How do we know?
Planner's problem: Derivation of the solution
A quick detour: A result that we need
Second best
Competitive equilibrium with incomplete markets: Solution
Competitive banking equilibrium: Formal problem
Autarky
Bank runs: The role of risk aversion and liquidation costs
Suspension of convertibility: Solution
Equivalence between suspension of convertibility and deposit insurance
Narrow banking
What about subprime mortgages?
The role of securitization
The role of Treasury bonds
Summary of the week
Let's practice!
Let's practice!
Let's practice
Let's practice
Financial crises: banks’ funding structure and its implications for instability
Financial crises: banks’ reaction to shocks and its macroeconomic implication
Introduction
The credit view
Investments in the CC-LM framework
Aggregate savings in the CC-LM
Banking sector in the CC-LM
Empirical evidence on the credit channel of monetary policy
Introduction
The channels of the financial accelerator
The balance sheet channel at work
Introduction
The bank lending channel
The bank lending channel at work
Equilibrium conditions in the CC-LM and comparative statics
The risk-taking channel of monetary policy
A stylized model
House prices and household leverage in the Great Financial Crisis
The sovereign debt crisis in Europe
Summary of the week
Let's practice
Let's practice
Let's practice
Financial crises: banks’ reaction to shocks and its macroeconomic implication
Bank competition and financial stability
Introduction
The Monti-Klein model: Assumptions
The Monti-Klein model: Equilibrium
The Monti-Klein model with Oligopoly: Assumptions
The Monti-Klein model with Oligopoly: Equilibrium
What we learned so far
The Salop model: Assumptions
The Salop model: The competitive equilibrium /1
The Salop model: Intuition
What we learned so far
Definition of relationship banking
Discussion on relationship banking
Case study: The failure of Continental Illinois Bank
Case study: The sample of analysis
What we learned so far
The Matutes-Vives model: Assumptions
The Matutes-Vives model: Imperfect Information
The Matutes-Vives model: Policy Implications
The Allen-Gale model of competition and risk taking
The Boyd-De Nicoló model of competition and risk taking
The Monti-Klein model: Derivation of the solution
The Monti-Klein model with Oligopoly: Derivation of the solution
Deposit rate regulation
The Salop model: The efficient solution
The Salop model: The competitive equilibrium /2
The Salop model: Compatibility between ATM Networks
The ex post monopoly on information
Case study: The history of Continental Illinois Bank
Case study: The effect of the failure on borrowers /1
Case study: The effect of the failure on borrowers /2
The Matutes-Vives model: Perfect Information
The trade-off between competition and stability: General equilibrium
Summary of the week
Let's practice!
Let's practice!
Let's practice!
Financial crises: banks’ reaction to shocks and its macroeconomic implication
The future of financial intermediation: the role of fintech innovation
Introduction: What is FinTech?
Digital banking
Crowdfunding
Digital payments
Digital asset management
What we learned so far
The origins of cryptocurrencies
Cryptocurrencies' monetary function
How cryptocurrencies work: The blockchain
How cryptocurrencies work: Anonymity
How cryptocurrencies work: Mining
What we learned so far
Are cryptocurrencies good means of exchange?
Can cryptocurrencies be used as a store of value?
A possible solution: Stablecoins
Further issues of cryptocurrencies: Dimension of the blockchain
Further issues of cryptocurrencies: Energy consumption
Further issues of cryptocurrencies: Speed
Global Investments in Fintech /1
Global Investments in Fintech /2
A taxonomy of FinTech
Case study: Crowdcube
Case study: PayPal
Case study: Moneyfarm
A simple model of money
Case studies: Tether and Terra
Possible solutions: Proof of stake and proof of authority
Summary of the week
Let's practice!
Let's practice!
Let's practice
Let'a practice!
The future of financial intermediation: the role of fintech innovation
Financial Intermediation at Coursera Admission Process
Important Dates
Other courses offered by Coursera
Student Forum
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Financial Intermediation