Students will learn about the formal background of the banking sector and its interaction with financial markets and monetary policy. Students will learn why the banking sector is particularly vulnerable to systemic risk and how regulation aims to reduce this. Students will also study the impact of technological innovation on the banking sector (fintech). The approach will both be theoretical (models) and empirical (econometric approach).

The Global Banking course covers four main topics. First, students will learn about the formal background of the banking sector in the world. Globalisation of financial markets and the banking sector is proceeding at a rapid pace. This is caused by the liberalisation of international capital flows and the promotion of a unified market for financial services in Europe. Second, we study the interaction of the banking sector with financial markets and monetary policy. We will, amongst others, see that banks play an important role in monetary policy transmission. Third, students will understand the nature of systemic risk and why the banking sector is particularly vulnerable to this. We will go through the key regulatory initiatives to reduce systemic risk. Fourth, students will study the impact of technological innovation on the banking sector (fintech). Technological innovation is one of the most prominent developments affecting the banking sector in the near future. Innovation carries both opportunities and risks for established and new financial institutions and for the financial sector as a whole. The approach in the course will both be theoretical (models) and empirical (econometric approach).

to be announced

Second-year finance course or second-year course international monetary economics
Exchange students need to have obtained a Bachelor degree in economics or business administration. Exchange students need to major in finance in their Master.