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Course Syllabus

Master 2024/2025

New Insights into Contemporary Banking

Type: Elective course (Strategic Corporate Finance)
Delivered by: School of Finance
When: 2 year, 3 module
Open to: students of one campus
Language: English

Course Syllabus

Full Syllabus

Abstract

"New Insights into Contemporary Banking" is an elective course for the Master level students. It covers key trends in the banking industry development and regulatory changes and initiatives, focusing on empirical analysis of their origins, concepts and consequences. We will start with brief review of the basics of banking theory and then examine a variety of factors and events influencing strategies of banks (and their clients), their risks and profitability, as well as determinants of current regulatory challenges and regulatory measures' efficiency under institutional diversity. Most of the trends and aspects will be discussed in a country-case format, the students will be actively involved in exploring particular issues within the frameworks provided by the countries or regions, where these issues are highlighted by the specific banking sector characteristics and/or regulatory regimes. The course is taught in English. Prerequisites: -Banking and finance-English (with the focus on the ability to read and understand the economics- and finance-related academic literature and prepare presentations in English) -Microeconomics -Macroeconomics-Econometrics
Learning Objectives

Learning Objectives

  • To provide an overview of the theoretical aspects of banking and basic approaches to study these aspects empirically
  • To provide a framework for students to understand and be able to discuss the main trends in banking markets in a changing and turbulent world
Expected Learning Outcomes

Expected Learning Outcomes

  • Know basic principles of different banking market functioning (including the markets with information asymmetry and opportunistic behavior)
  • Know basic principles of relations between banks and their counterparties of all kinds (including depositors, borrowers, other banks, regulators, information intermediaries, and so on) in various banking markets, as well as in regulation
  • Explain basic principles of relations between banks and borrowers, as well as with information intermediaries, and basic problems created by information asymmetry
  • Uses appropriate methods for banking competition measurement
  • Explains the role of the government control in banking market outcomes, depending on the type the control is realized (direct/indirect)
  • Describes the recent trends in banking sector regulation and explains its purposes and consequenses
  • Analyses core differences between traditional and Islamic banks’ risks, efficiency, profitability and other outcomes and discusses the reasons and consequenses of these differences
  • Explains how the banks are related tothe ESG agenda
  • Discusses banking under non-economic shocks
  • Explains the main issues of measuring the FinTech and innivations use in banks
Course Contents

Course Contents

  • Topic 1. Traditional banking: core markets
  • Topic 2. Credit market under information asymmetry
  • Topic 3. Banking market microstructure and the role of the state control
  • Topic 4. Bank regulation: going beyond capital adequacy and systemic risks
  • Topic 5. Islamic banking
  • Topic 6. Corporate governance and going green: application to banking
  • Topic 7. Measuring bank financial innovations
Assessment Elements

Assessment Elements

  • non-blocking Attendance
  • non-blocking (Group) Project
    Students (individually or in groups – depending on the number of students) prepare the presentations on the topics announced in the beginning of the course. The topics deal with a particular aspect/problem discussed during the lectures realized in a particular country within its regulatory framework. The presentations are scheduled for the seminars and the content of the presentation is discussed with the audience.
  • non-blocking Final test
    Final test includes 5 open questions including one related to the topics discussed during the lectures and student presentations.
Interim Assessment

Interim Assessment

  • 2024/2025 3rd module
    0.5 * (Group) Project + 0.1 * Attendance + 0.4 * Final test
Bibliography

Bibliography

Recommended Core Bibliography

  • 9780691185057 - Hoffman, Philip T.; Postel-Vinay, Gilles; Rosenthal, Jean-Laurent - Dark Matter Credit : The Development of Peer-to-Peer Lending and Banking in France - 2019 - Princeton University Press - http://search.ebscohost.com/login.aspx?direct=true&db=nlebk&AN=1832189 - nlebk - 1832189
  • Abdul-Rahman, Y. (2014). The Art of RF (Riba-Free) Islamic Banking and Finance : Tools and Techniques for Community-Based Banking (Vol. Second edition). Hoboken, New Jersey: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=887100
  • Allen N. Berger, Leora F. Klapper, & Rima Turk-Ariss. (2017). Bank competition and financial stability. Chapters, 185.
  • Amer Alzaidi, & Shahzad Qamar. (2018). Factors affecting the adoption of internet banking: a systematic literature review. International Journal of Business Information Systems, (1), 95. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.a.ids.ijbisy.v28y2018i1p95.124
  • Douglas W. Diamond, & Raghuram Rajan. (2009). The Credit Crisis: Conjectures about Causes and Remedies. NBER Working Papers. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.p.nbr.nberwo.14739
  • Frederic S. Mishkin. (2013). The Economics of Money, Banking and Financial Markets: Pearson New International Edition : The Business School Edition. Harlow, United Kingdom: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1418827
  • Freixas, X., & Rochet, J.-C. (2008). Microeconomics of Banking (Vol. 2nd ed). Cambridge, Mass: The MIT Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=216851
  • Islamic vs. conventional banking: Business model, efficiency and stability. (2013). https://doi.org/10.1016/j.jbankfin.2012.09.016
  • Joseph P. Hughes, & Loretta J. Mester. (2008). Efficiency in Banking: Theory, Practice, and Evidence. Departmental Working Papers.
  • Levine, R. E. (2004). The Corporate Governance of Banks - a concise discussion of concepts and evidence. Policy Research Working Paper Series.
  • Microeconometrics of banking : methods, applications, and results, Degryse, H., 2009
  • Microeconomics of banking, Freixas, X., 2008
  • Nicola Ilario Sibilio, Marco Boero, & Luca Salerno. (2019). Banks and Fintech: strategies and business models. BANCARIA, 46. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.a.ban.bancar.v2y2019mfebruaryp46.62
  • Odior, E. S., & Banuso, F. B. (2012). Cashless Banking in Nigeria: Challenges, Benefits and Policy Implications. https://doi.org/10.19044/esj.2012.v8n12p%p
  • Pejman Abedifar, Shahid Ebrahim, Philip Molyneux, & Amine Tarazi. (2015). Islamic Banking and Finance: Recent Empirical Literature and Directions for Future Research. Post-Print. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.p.hal.journl.hal.01144032
  • Principles of bank regulation, Malloy, M. P., 2003
  • Rethinking bank regulation : till angels govern, Barth, J. R., 2008
  • Sümeyra Atmaca, Koen Schoors, & Marijn Verschelde. (2016). Bank Loyalty, Social Networks And Crisis. Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.p.rug.rugwps.16.923
  • The effects of bail-ins on bail-out expectations in the European Banking sector. (2017). Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.30B169AA
  • W. Diamond, Philip H. Dybvig, & Douglas W. Diamond. (1983). Bank runs, deposit insurance, and liquidity. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.962A83C9
  • Wahyudi, I. (2016). Risk Management for Islamic Banks : Recent Developments From Asia and the Middle East. Singapore: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1061306
  • Went, P., Donohue, C., Apostolik, R., & Global Association of Risk Professionals. (2009). Foundations of Banking Risk : An Overview of Banking, Banking Risks, and Risk-Based Banking Regulation. Hoboken, N.J.: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=835736
  • Why are there so many banking crises ? The politics and policy of bank regulation, Rochet, J., 2008

Recommended Additional Bibliography

  • Global bank regulation : principles and policies, Schooner, H. M., 2010
  • Islamic finance in the financial markets of Europe, Asia and America, Ismail, F., 2023

Authors

  • SEMENOVA MARIYA VLADIMIROVNA