Corporate Finance & Financial Intermediation [ECONM831]
- 5 credits
- 30h
- 2nd quarter
Language of instruction: EnglishTeacher: De Crombrugghe de Picquendaele Alain
Learning outcomes
Understanding the sources of funds of a firm. Understanding the role of financial intermediaries and of financial markets. Applying theories of asymmetric information and of imperfect competition to the financial system. Understanding debt crises and debt relief, banking regulation, banking crises and monetary interventions.
Content
1. Financing firms 2. Bank risks and operations 3. Finance and economic development 4. Competition and industrial organization in the banking sector 5. Regulation of the banking sector 6. Banking and financial crises
Teaching methods
Weekly classes with extensive set of slides, possibility of class discussion of homeworks based on textbook chapters or on papers. Possibility of student presentations on current issues.
Evaluations
Oral exam - Homeworks : 25% (optional) Class presentation : 25% (optional)
Recommended readings
HULL, John (2009) Risk Management and Financial Institutions" (2nd Ed.) New-York, Pearson, 556pp. FREIXAS, X. & ROCHET, J.C. (2008) "Microeconomics of Banking" (2nd Ed.) MIT Press, 364 pp. * Mishkin, F. & Eakins, S. (2000) Financial Markets and Institutions (3d. Ed.), Reading (Mass.): Addison Wesley. Chap. 14 à 22, ou - Mishkin, F., Bordes C., Hautcoeur, P-C, Lacoue-Labarthe, D. (2004) Monnaie, Banque et Marchés financiers , 7e Ed. Pearson Education. Chap. 8 à 12. - Glen R. Hubbard (1994) Money, the Financial System & the Economy Addison Wesley Publishing Company
Language of instruction
EnglishLocation for course
NAMUROrganizer
Faculté des sciences économiques, sociales et de gestionRue de Bruxelles, 61
5000 NAMUR
