| Description |
*** IMPORTANT ***
For the most updated administrative course information (date changes, room changes etc) please always refer to the KSL page only and not to the Info page in ILIAS – the ILIAS infopage will not be updated!
The objective of this course is to study the workings of the financial system, as constituted by financial contracts, securities, and markets as well financial intermediaries. We will analyze the reasons why and how money and credit flows from savers to entrepreneurs to create value. Through a good understanding of the micro-structure of credit flows, students should get a better grasp of the macroeconomic consequences of regulation, monetary, and central bank balance sheet policies. The approach is resolutely analytical and a few mathematical models will be covered in class. Finally, the class is based on the book “Contemporary Financial Intermediation” (Elsevier/Academic Press Third Edition) by Stuart Greenbaum, Anjan Thakor and Arnoud Boot.
Lecture: Tuesday, 09:15 - 12:00h, A-126, UniS
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Midterm exam: 14. April 2026, 09.15-10.15h (1 hr), A-126, UniS
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1st exam: Tuesday, 26 May 2026, 09.15-10.45 hrs, A-126, UniS
2nd exam: Tuesday, 08. September 2026, 09.15 - 10.45 h, tba |