Economics & management of financial intermediaries
The Economics of Financial Intermediaries course aims to develop the skills in the field of management of financial intermediaries. The course is developed following a path that allows the student to become familiar with the relevant aspects concerning the role of financial intermediaries, financial markets and instruments. In particular, it will provide the conceptual framework of the functioning of the financial system with regard to both qualitative and quantitative aspects. The management and operational logics of the different business areas of banks, investment companies and insurance (funding and lending policies, portfolio and risk management, credit and securities brokerage) will be faced with the aim to provide the skills necessary for the assessment of the economic and financial equilibrium of the players in the financial system.
The course is addressed to students of Bachelor's that already know the basic contents of the logics of business economics. A good knowledge of accounting and business management are basic elements to deal with some tipics of the examination program.
The course is aimed to three year graduate students and requires students to learn the basic contents of business logic. In order to maximize content learning, students should have a good knowledge of the accounting and management topics as basic to address some of the topics in the exam.
The financial system and the real system. The theories of financial intermediation. The typical risks of financial intermediation. Financial Instruments. Financial markets. Credit institutions. Securities intermediaries. Insurance companies and pension funds. Regulatory of Financial Systems: Control Policies and Authorities. Regulation, Supervision Governance and Internal Controls Consumer protection of financial services. Monetary policy and the role of the ECB
Nadotti L., Porzio C. Previati D., Economia degli Intermediari Finanziari, 3a ed., Mc Graw Hill, 2017
The acquisition of basic knowledge takes place through a written exam that addresses 6 open questions on the whole exam program. The candidate's assessment will be based on an analysis of the use of an appropriate technical language, the autonomy of judgment and the study of topics. An oral check is also planned