BANKING ECONOMICS
Academic year and teacher
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- Versione italiana
- Academic year
- 2022/2023
- Teacher
- MAURO ALIANO
- Credits
- 7
- Curriculum
- Professioni e amministrazione d’impresa
- Didactic period
- Secondo Semestre
- SSD
- SECS-P/11
Training objectives
- The main objective of the course is to provide students banking activities framework, by focusing on their activities and risk. During the last years, banks are changing due to regulatory, technological and institutional innovations, as well as bank-enterprise relations.
In this outline, the course has the aim of favoring the acquisition of the following knowledge: i) the role of the Italian and European bank within the financial system; ii) the different types of banking activities; iii) the characteristics of the main bank funding and lending products; v) the bank's risk management.
At the end of the course, the student will be able to analyze bank decisions by taking into account the policymaker's actions. Prerequisites
- Corporate finance and economics of financial intermediaries. Reference will also be made to some statistical concepts used in the financial field.
Course programme
- The evolution of banking activities (10-12 hours)
• The bank definitions
• A brief history of banking activities in the last century
• The “Banking Union”: why did we get here?
• Supervisory activities on banks
• The organizational models of Italian Banks
Bank funding: strategic objectives and operational tools (5-6 hours)
• Bank funding as a strategic choice
• Product, price, distribution and communication policies
• The evolution of banking funding
New competitors? The evolution of financial and payment services (8-10 hours)
• Investment services and competition
• Competition in bank-provided payment services
• Cryptocurrencies and their effects on banks and the financial system
Loans policies (7-8 hours)
• How loans affect economy
• The loans management
• Securitization of loans: the subprime crisis and the financialization of the economy
Banking risk: definition and management (10-12 hours)
• Liquidity risk
• Market risk
• Interest rate risk
• Financial derivatives and hedging policies
Financial Accounts and Balance Sheets of banks (5-6 hours)
Banking crises: origins, motivations and regulatory interventions (7-9 hours) Didactic methods
- Lectures and in class exercises.
Learning assessment procedures
- Final written exam. The test is made of 22 multiple choices (MC) questions and 2 open questions. Each MC, if correct, gives 0.5 points, while the other 2 parts up to a max of 10 points each. The final mark is given by the sum of points obtained. Marks over 30 give the right to have a distinction ("lode").
The covid outbreak could change examen rules, by introducing an online session with 31 MC questions and 30 minutes available to answer (via Google Module).
At students' request, an oral supplemental exam is allowed. Reference texts
- For attending students:
Study on slides and other material provided during the lectures integrating them, where indicated, with the text:
- Roberto Ruozi, 2020. Economia della Banca, IV edition, EGEA
For non-attending students
- Roberto Ruozi, 2020. Economia della banca , IV edition, EGEA
- Any other reference bibliography for supplementary readings, if any, will be indicated in the classroom or in the lessons recorded according to the subject.
