Financial Intermediation

本课程是 Financial Markets 专项课程的一部分

位教师：Tommaso Oliviero

访问权限由 Coursera Learning Team 提供

6个模块

深入了解一个主题并学习基础知识。

中级等级

推荐体验

1 周完成

在 10 小时一周

灵活的计划

自行安排学习进度

6个模块

深入了解一个主题并学习基础知识。

中级等级

推荐体验

1 周完成

在 10 小时一周

灵活的计划

自行安排学习进度

您将学到什么

analyze business models and their impact on the functioning and stability of the banking sector starting from the databases available online;
evaluate the critical issues and specificities of the modern banking system in contexts where the development of the financial market is limited;
apply banking sector innovations in institutions;
identify financial intermediation risks and contribute to long-term economic growth.
analyze banking system effects on market efficiency and stability; evaluate the impact of fintech on financial intermediation.

您将获得的技能

要了解的详细信息

可分享的证书

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作业

26 项作业

授课语言：英语（English）

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Petrobras, TATA, Danone, Capgemini, P&G 和 L'Oreal 的徽标

积累特定领域的专业知识

本课程是 Financial Markets 专项课程专项课程的一部分

在注册此课程时，您还会同时注册此专项课程。

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获得对主题或工具的基础理解
通过实践项目培养工作相关技能
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该课程共有6个模块

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.

By the end of this week, students will acquire a comprehensive understanding of financial intermediaries and grasp the distinctive role played by banks. They will gain theoretical insights on the function of banks, their objectives, the determinants of profitability and risk in banking activity. To conclude, the lesson will define metrics for assessing performance and risk, drawing insights from banks' balance sheets, income statements, and stock price data.

涵盖的内容

14个视频6篇阅读材料4个作业

14个视频总计18分钟

Welcome 1分钟
Financial Intermediaries 1分钟
Banks 1分钟
The role of banks 1分钟
Banks' funding structure 1分钟
Introduction 1分钟
The determinants of bank profits 2分钟
The sources of risk for bank 1分钟
Credit risk and its determinants 1分钟
Liquidity risk and its determinants 1分钟
Introduction 1分钟
Income statement and banks' balance sheet 3分钟
The measures of performance 1分钟
Measures of risk from balance sheet data 1分钟

6篇阅读材料总计19分钟

A taxonomy of financial institutions 3分钟
The optimal amount of bank reserves 4分钟
Leverage and the role of bank capital 4分钟
Measures of risk from market data 4分钟
Sources of data in the real world 2分钟
Summary of the week 2分钟

4个作业总计45分钟

Let's practice! 5分钟
Let's practice! 5分钟
Let's practice! 5分钟
Introduction to financial intermediation and bank risk management 30分钟

By the end of this week, learners will be able to construct empirical tests and critically evaluate the results of the causal relationship between financial development and long-term economic growth.

涵盖的内容

11个视频8篇阅读材料4个作业

11个视频总计22分钟

Introduction 2分钟
A simple theoretical framework 2分钟
Discuss the three channels of influence 4分钟
From theory to practice 1分钟
Definition of the causal question and empirical challenges 1分钟
Seminal contribution in the literature 3分钟
What’s next? 2分钟
Non-linear role of financial development 3分钟
Application: Is Europe overbanked? 1分钟
Introduction 1分钟
Measures of financial development 2分钟

8篇阅读材料总计33分钟

Empirical results 4分钟
The instrumental variable approach in a cross-country analysis 4分钟
Combining macro question with more granular data 4分钟
Case study: Is Europe overbanked? 3分钟
Sources of macro data 2分钟
Measures of economic development 4分钟
Problem set with data 10分钟
Summary of the week 2分钟

4个作业总计45分钟

Let's practice! 5分钟
Let's practice! 5分钟
Let's practice! 5分钟
Finance and economic growth: the role of banks for economic development 30分钟

By the end of this week you will learn how to apply the analysis of bank runs to the Global Financial Crisis of 2007-2009.

涵盖的内容

24个视频14篇阅读材料5个作业

24个视频总计50分钟

Introduction to the Diamond-Dybvig Model 2分钟
Assumptions of the model: Agents' preferences 2分钟
Assumptions of the model: Technologies 2分钟
Planner's problem: Definition 3分钟
Planner's problem: Solution 3分钟
Planner's problem: Derivation of further intuition 2分钟
Planner's problem: Key intuition 1分钟
What we learned so far 1分钟
Competitive equilibrium with complete markets: Set up 2分钟
Competitive equilibrium with complete markets: Solution 2分钟
Competitive equilibrium with incomplete markets: Set up 1分钟
Competitive equilibrium with incomplete markets: Formal problem 1分钟
Competitive equilibrium with incomplete markets: Equilibrium prices 2分钟
Competitive banking equilibrium: Introduction 1分钟
Competitive banking equilibrium: Solution 1分钟
What we learned so far 1分钟
Bank runs: Introduction 3分钟
Bank runs: Set up 4分钟
Bank runs: Intuition and possible solutions 3分钟
Suspension of convertibility: Set up 2分钟
What we learned so far 4分钟
What happened? 2分钟
Originate-to-distribute "vs" Originate-to-hold 3分钟
How do we know? 3分钟

14篇阅读材料总计95分钟

Planner's problem: Derivation of the solution 8分钟
A quick detour: A result that we need 10分钟
Second best 4分钟
Competitive equilibrium with incomplete markets: Solution 10分钟
Competitive banking equilibrium: Formal problem 3分钟
Autarky 10分钟
Bank runs: The role of risk aversion and liquidation costs 10分钟
Suspension of convertibility: Solution 6分钟
Equivalence between suspension of convertibility and deposit insurance 10分钟
Narrow banking 10分钟
What about subprime mortgages? 4分钟
The role of securitization 4分钟
The role of Treasury bonds 4分钟
Summary of the week 2分钟

5个作业总计50分钟

Let's practice! 5分钟
Let's practice! 5分钟
Let's practice 5分钟
Let's practice 5分钟
Financial crises: banks’ funding structure and its implications for instability 30分钟

By the end of this week, learners will be able to analyze the role of the banking sector for the business cycles. In detail, the topics covered in this week regard the transmission channel of monetary policy, the amplification channel of asset prices and banking shocks for the real economy.

涵盖的内容

12个视频6篇阅读材料4个作业

12个视频总计19分钟

Introduction 2分钟
The credit view 1分钟
Investments in the CC-LM framework 1分钟
Aggregate savings in the CC-LM 1分钟
Banking sector in the CC-LM 1分钟
Empirical evidence on the credit channel of monetary policy 2分钟
Introduction 3分钟
The channels of the financial accelerator 1分钟
The balance sheet channel at work 3分钟
Introduction 2分钟
The bank lending channel 1分钟
The bank lending channel at work 2分钟

6篇阅读材料总计41分钟

Equilibrium conditions in the CC-LM and comparative statics 5分钟
The risk-taking channel of monetary policy 10分钟
A stylized model 4分钟
House prices and household leverage in the Great Financial Crisis 10分钟
The sovereign debt crisis in Europe 10分钟
Summary of the week 2分钟

4个作业总计45分钟

Let's practice 5分钟
Let's practice 5分钟
Let's practice 5分钟
Financial crises: banks’ reaction to shocks and its macroeconomic implication 30分钟

By the end of this week, learners will be able to analyze how competition influences banks' exposure to intermediation risks. Additionally, they will understand the implications of bank competition for the emergence of financial crises.