Anna Maria Cristina MENICHINI | ECONOMICS OF BANKING

cod. 0222200048

ECONOMICS OF BANKING

	0222200048
	DEPARTMENT OF ECONOMICS AND STATISTICS
	EQF7
	ECONOMICS
	2024/2025

CURRICULUM ECONOMICS AND FINANCE

	OBBLIGATORIO
	YEAR OF COURSE 1
	YEAR OF DIDACTIC SYSTEM 2018
	SPRING SEMESTER

TEACHING UNITS

	SSD	CFU	HOURS	ACTIVITY	TYPE OF ACTIVITY
	SECS-P/01	10	60	LESSONS	SUPPLEMENTARY COMPULSORY SUBJECTS

PROFESSORS

ANNA MARIA CRISTINA MENICHINI T Curriculum

EXAMS

	Exam	Date	Session
	MENICHINI	09/12/2024 - 09:00	SESSIONE ORDINARIA
	MENICHINI	09/12/2024 - 09:00	SESSIONE DI RECUPERO

	Objectives
	THE COURSE PROVIDES THE BASIC TOOLS TO UNDERSTAND THE FUNCTIONING OF BANKS AND FINANCIAL INTERMEDIARIES, AS WELL AS ANALYSE THE MECHANISMS BEHIND THE LENDER-BORROWER RELATIONSHIP. TO THIS AIM, THE COURSE PROVIDES AN OVERVIEW OF THE MAIN THEORIES OF FINANCIAL INTERMEDIATION, OF THE DETERMINANTS OF CREDIT RATIONING, OF THE FIRM'S CHOICE BETWEEN DIRECT AND INTERMEDIATED FINANCE, OF BANK STABILITY AND REGULATION. STUDENTS WILL ACQUIRE THE ABILITY TO UNDERSTAND THE DETERMINANTS OF DEMAND AND SUPPLY OF CREDIT, AS WELL AS THE ANALYTICAL AND CONCEPTUAL TOOLS TO UNDERSTAND THE MAIN FEATURES OF FINANCIAL INTERMEDIARIES. STUDENTS WILL BE ABLE TO INTERPRET THE DRIVERS THE THE BANKS' CREDIT POLICIES, OF THE FRAGILITY OF THE BANKING SYSTEM AND THE REGULATORY INSTRUMENTS.

THE COURSE PROVIDES THE BASIC TOOLS TO UNDERSTAND THE FUNCTIONING OF BANKS AND FINANCIAL INTERMEDIARIES, AS WELL AS ANALYSE THE MECHANISMS BEHIND THE LENDER-BORROWER RELATIONSHIP.
TO THIS AIM, THE COURSE PROVIDES AN OVERVIEW OF THE MAIN THEORIES OF FINANCIAL INTERMEDIATION, OF THE DETERMINANTS OF CREDIT RATIONING, OF THE FIRM'S CHOICE BETWEEN DIRECT AND INTERMEDIATED FINANCE, OF BANK STABILITY AND REGULATION.
STUDENTS WILL ACQUIRE THE ABILITY TO UNDERSTAND THE DETERMINANTS OF DEMAND AND SUPPLY OF CREDIT, AS WELL AS THE ANALYTICAL AND CONCEPTUAL TOOLS TO UNDERSTAND THE MAIN FEATURES OF FINANCIAL INTERMEDIARIES.
STUDENTS WILL BE ABLE TO INTERPRET THE DRIVERS THE THE BANKS' CREDIT POLICIES, OF THE FRAGILITY OF THE BANKING SYSTEM AND THE REGULATORY INSTRUMENTS.

	Prerequisites
	IT IS ADVISABLE TO TAKE THE EXAM OF MICROECONOMIA DEL SETTORE FINANZIARIO

	Contents
	THE MAIN THEORIES ON FINANCIAL INTERMEDIATION. DIRECT AND INDIRECT FINANCING. CREDIT ALLOCATION AND THE BANK-FIRM RELATIONSHIP. THE ROLE OF ASYMMETRIC INFORMATION IN CREDIT RATIONING. ADVERSE SELECTION. MORAL HAZARD. BANK FRAGILITY AND BANK REGULATION.

	Teaching Methods
	NO LESS THAN 25 LECTURES + 5 TUTORIALS. ALL CLASSES ARE TAUGHT IN ENGLISH. INDIVIDUAL AND GROUP ACTIVITIES, SUCH AS TUTORIALS AND PRESENTATIONS, ARE ORGANISED DURING THE COURSE TO ASSESS THE STUDENT'S LEARNING PROCESS AND THE ABILITY TO APPLY THE KNOWLEDGE ACQUIRED TO PRACTICAL PROBLEMS.

	Verification of learning
	THE ACHIEVEMENT OF THE OBJECTIVES OF THE COURSE IS ASSESSED THROUGH A WRITTEN EXAM (PAPER EXAM IN ENGLISH) WITH MARKS EXPRESSED IN 30TH'S. THE MINIMUM GRADE FOR A PASS IS 18. THE EXAM LASTS 60 MINUTES AND AIMS AT VERIFYING, IN A TRANSPARENT AND OBJECTIVE WAY, THE LEVEL OF KNOWLEDGE AND UNDERSTANDING ACQUIRED BY THE STUDENT OF THE COURSE PROGRAMME. THE TEST IS STRUCTURED IN TWO THEORY QUESTIONS AND ONE EXERCISE. THE THEORETICAL QUESTIONS ARE DESIGNED TO EVALUATE THE STUDENT'S KNOWLEDGE OF THE PROGRAM AND THE UNDERSTANDING OF THE ECONOMIC CONCEPTS DEVELOPED THEREIN. SOLUTION OF THE EXERCISE REQUIRES THE DEVELOPMENT OF MODELS STUDIED DURING THE COURSE AND THE APPLICATION OF THE METHODOLOGIES ACQUIRED DURING CLASSES AND TUTORIALS. THE STUDENT IS INFORMED OF THE MARK ASSIGNED TO EACH EXERCISE OR THEORETICAL QUESTION. DURING THE WRITTEN EXAM, IT IS NOT ALLOWED THE USE OF TEXTS, COMPUTERS, CELL PHONES, TABLETS OR SMART WATCHES. IN CASE THE EXERCISES REQUIRED NUMERIC CALCULATIONS, A CALCULATOR MAY BE USED. INDIVIDUAL AND GROUP ACTIVITIES, SUCH AS TUTORIALS AND PRESENTATIONS, ARE ORGANISED DURING THE COURSE TO ASSESS THE STUDENT'S LEARNING PROCESS AND THE ABILITY TO APPLY THE KNOWLEDGE ACQUIRED TO PRACTICAL PROBLEMS. UP TO 20% OF THE TOTAL GRADE CAN BE OBTAINED BY TAKING INTO ACCOUNT THE ATTENDING STUDENTS PERFORMANCE IN SUCH ACTIVITIES.

Verification of learning

THE ACHIEVEMENT OF THE OBJECTIVES OF THE COURSE IS ASSESSED THROUGH A WRITTEN EXAM (PAPER EXAM IN ENGLISH) WITH MARKS EXPRESSED IN 30TH'S. THE MINIMUM GRADE FOR A PASS IS 18. THE EXAM LASTS 60 MINUTES AND AIMS AT VERIFYING, IN A TRANSPARENT AND OBJECTIVE WAY, THE LEVEL OF KNOWLEDGE AND UNDERSTANDING ACQUIRED BY THE STUDENT OF THE COURSE PROGRAMME. THE TEST IS STRUCTURED IN TWO THEORY QUESTIONS AND ONE EXERCISE. THE THEORETICAL QUESTIONS ARE DESIGNED TO EVALUATE THE STUDENT'S KNOWLEDGE OF THE PROGRAM AND THE UNDERSTANDING OF THE ECONOMIC CONCEPTS DEVELOPED THEREIN. SOLUTION OF THE EXERCISE REQUIRES THE DEVELOPMENT OF MODELS STUDIED DURING THE COURSE AND THE APPLICATION OF THE METHODOLOGIES ACQUIRED DURING CLASSES AND TUTORIALS.
THE STUDENT IS INFORMED OF THE MARK ASSIGNED TO EACH EXERCISE OR THEORETICAL QUESTION.
DURING THE WRITTEN EXAM, IT IS NOT ALLOWED THE USE OF TEXTS, COMPUTERS, CELL PHONES, TABLETS OR SMART WATCHES. IN CASE THE EXERCISES REQUIRED NUMERIC CALCULATIONS, A CALCULATOR MAY BE USED.
INDIVIDUAL AND GROUP ACTIVITIES, SUCH AS TUTORIALS AND PRESENTATIONS, ARE ORGANISED DURING THE COURSE TO ASSESS THE STUDENT'S LEARNING PROCESS AND THE ABILITY TO APPLY THE KNOWLEDGE ACQUIRED TO PRACTICAL PROBLEMS. UP TO 20% OF THE TOTAL GRADE CAN BE OBTAINED BY TAKING INTO ACCOUNT THE ATTENDING STUDENTS PERFORMANCE IN SUCH ACTIVITIES.

	Texts
	FREIXAS X. AND J.-C. ROCHET (2008), THE MICROECONOMICS OF BANKING , BOSTON: THE MIT PRESS, 2ND ED. ALLEN, F, AND D. GALE (2007), UNDERSTANDING FINANCIAL CRISES, CLARENDON LECTURES IN ECONOMICS. TIROLE J., THE THEORY OF CORPORATE FINANCE, MIT PRESS.

	More Information
	LECTURE SLIDES ARE PROVIDED DURING THE COURSE UPON REQUEST.

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Anna Maria Cristina MENICHINI | ECONOMICS OF BANKING