课程信息
4.9
7 个评分
4 个审阅
专项课程
100% 在线

100% 在线

立即开始,按照自己的计划学习。
可灵活调整截止日期

可灵活调整截止日期

根据您的日程表重置截止日期。
中级

中级

完成时间(小时)

完成时间大约为23 小时

建议:6 hours/week...
可选语言

英语(English)

字幕:英语(English)
专项课程
100% 在线

100% 在线

立即开始,按照自己的计划学习。
可灵活调整截止日期

可灵活调整截止日期

根据您的日程表重置截止日期。
中级

中级

完成时间(小时)

完成时间大约为23 小时

建议:6 hours/week...
可选语言

英语(English)

字幕:英语(English)

教学大纲 - 您将从这门课程中学到什么

1
完成时间(小时)
完成时间为 4 小时

Perfect Capital Markets. Problems Caused by Private Information

In Week 1 we propose the set of assumptions and the framework of our discussion. We will discuss perfect capital markets and see how the deviations from this idealized model that are observed in our real life result in the demand for financial intermediation and for the services of financial institutions. We will discuss the fundamental problems caused by the existence of private information (moral hazard и adverse selection) and the damage they lead to. Based on the most simplistic models you will be able do delve deeper into the core of these problems and to evaluate their potential scale. You will learn what role the moral hazard plays in insurance, and how the adverse selection and moral hazard problems reduce the efficiency of lending....
Reading
12 个视频 (总计 104 分钟), 6 个阅读材料, 2 个测验
Video12 个视频
1.1. Introduction – perfect capital markets5分钟
1.2. Demand for the financial intermediation6分钟
1.3. Model of private information – key assumptions6分钟
1.4. Model of moral hazard14分钟
1.5. Co-insurance as a market solution to the moral hazard problem4分钟
1.6. Moral hazard in insurance (1) – a more advanced model12分钟
1.7. Moral hazard in insurance (2) – incomplete insurance8分钟
1.8. Model of adverse selection11分钟
1.9. Adverse selection in credit markets (1) – expected cash flows to the bank12分钟
1.10. Adverse selection in credit markets (2) – credit rationing8分钟
1.11. Moral hazard from increasing interest rates9分钟
Reading6 个阅读材料
Konstantin Kontor10分钟
AIBEc. The American Institute of Business and Economics10分钟
Grading10分钟
Handouts – an important comment10分钟
1.1. Why do financial institutions exist?10分钟
1.2. Problems caused by private information10分钟
Quiz2 个练习
1 (Practice)20分钟
1 - Moral hazard, adverse selection, and the adventures of the greedy monopolist bank分钟
2
完成时间(小时)
完成时间为 3 小时

ALLEVIATION OF MORAL HAZARD – DEBT AND EQUITY CONTRACTS. BANKS (1) – DIVERSIFICATION AND MONITORING

In Week 2 we will consider certain ways of overcoming problems caused by private information and evaluate them. We will know why some methods work while others don’t, and why. You will learn the core differences between equity and debt financing, study debts contracts with liquidation and see the core inefficiency of that kind of a debt contract. Based on a simple model you will study diversification and delegated monitoring and see how they contribute to the efficiency of lending. We will find out how a bank emerges as a key financial intermediary responsible for asset monitoring. You will be able to see why the bank can make money and to calculate its profit in different cases. At the end of Week 2 we will pose a fundamental question: How does the bank attract depositors?...
Reading
7 个视频 (总计 50 分钟), 2 个阅读材料, 2 个测验
Video7 个视频
2.2. Debt contract with liquidation (DCL) as a means of alleviation of moral hazard. The inefficiency of DCL6分钟
2.3. Monitoring as a universal and efficient way of overcoming unobservability5分钟
2.4. Multiple lenders (1) – the model8分钟
2.5. Multiple lenders (2) – bank contracts5分钟
2.6. Delegated monitoring (1) – the interaction of the parties and bank’s profit12分钟
2.7. Delegated monitoring (2) – banks’ vulnerability to runs5分钟
Reading2 个阅读材料
2.1. Alleviation of moral hazard – debt and equity contracts分钟
2.2. Diversification and the feasibility of delegated monitoring10分钟
Quiz2 个练习
2 (Practice)20分钟
2 - Debt contracts and the anatomy of bank financing分钟
3
完成时间(小时)
完成时间为 3 小时

Banks (2) – Asset Transformation and Liquidity Creation. Banks’ Vulnerability with Respect to Runs

Week 3 of the Course is devoted to the analysis of creation of liquidity – namely, we do answer the question of how a bank attracts depositors. You will get introduced to asset transformation and will learn how the presence of banks in capital markets makes the money circulation in the economy more efficient. You will analyze the market participants’ preferences and the “safety cushion” of a bank. We will study the mechanism of bank runs and feel how vulnerable the bank is with respect to runs. You will learn what methods of fighting bank runs have been used in centuries, and realize why the role of government in regulating of the banking business is so important. We will discuss deposit insurance as a universal and effective mechanism of preventing runs....
Reading
8 个视频 (总计 74 分钟), 2 个阅读材料, 2 个测验
Video8 个视频
3.2. Liquidity creation (1) – the model of liquidity11分钟
3.3. Liquidity creation (2) – the mechanism10分钟
3.4. Banks’ vulnerability with respect to runs15分钟
3.5. Ways to fight bank runs (1) – suspension of convertibility4分钟
3.6. Ways to fight bank runs (2) – deposit insurance9分钟
3.7. Problems of deposit insurance12分钟
3.8. Deposit insurance and the need to regulate6分钟
Reading2 个阅读材料
3.1. Banks – illiquid asset transformation10分钟
3.2. Banks – creation of liquidity and bank runs10分钟
Quiz2 个练习
3 (Practice)20分钟
3 - Asset transformation – “black boxes” and “red triangles”分钟
4
完成时间(小时)
完成时间为 3 小时

Bank Regulation and Reform. Payment Services. Mobile Banking. Bank 3.0

Week 4 of the Course consists of two parts. The first part is devoted to the discussion of challenges and development of banking regulation. We consider the S&L market crash of the 1980’s as a trigger to the initiation of the worldwide regulatory movement. You will get introduced to the Basel process as the basis of the modern bank regulation. The second part of Week 4 shifts focus somewhat. We will talk about the payment services that are tantamount to banking for the majority of population, at least in the developed world. We will discuss how the fast development of IT technologies, the Internet and the social media influences banking business. But we will see that the most important functions of banking – asset monitoring and liquidity creation – do not disappear but take a new shape. At the very end we will drop a few words about private banking – a very specific area of banking services for high net worth individuals....
Reading
8 个视频 (总计 78 分钟), 1 个阅读材料, 2 个测验
Video8 个视频
4.2. The S&L crisis of the 1980’s. Zombie S&L’s. The sources and reasons of bank regulation8分钟
4.3. Bank regulation (1) – nature, goals, and importance13分钟
4.4. Bank regulation (2) – mechanism. The Basel Accords14分钟
4.5. Payment services – history, development, and technology5分钟
4.6. Mobile banking (1) – technology and services. Bank 3.011分钟
4.7. Mobile banking (2) – loans and monitoring at Bank 3.012分钟
4.8. Private banking. Mobile banking and traditional banking – from conflict to synergy7分钟
Reading1 个阅读材料
4. Bank regulation and reform – an overview of articles10分钟
Quiz2 个练习
4 (Practice)20分钟
4 - From the Great Depression to Bank 3.0分钟
4.9
4 个审阅Chevron Right

热门审阅

创建者 DHNov 13th 2018

The pace of the course is great, I gladly will recommend this to others foe quality reference.

创建者 ZADec 10th 2018

this is a very very good course I recommend my friend study this course and coursera

讲师

Avatar

Konstantin Kontor

Director and Professor of Finance and Strategy
American Institute of Business and Economics (AIBEc)

关于 Moscow Institute of Physics and Technology

Московский физико-технический институт (неофициально известный как МФТИ или Физтех) является одним из самых престижных в мире учебных и научно-исследовательских институтов. Он готовит высококвалифицированных специалистов в области теоретической и прикладной физики, прикладной математики, информатики, биотехнологии и смежных дисциплин. Физтех был основан в 1951 году Нобелевской премии лауреатами Петром Капицей, Николаем Семеновым, Львом Ландау и Сергеем Христиановичем. Основой образования в МФТИ является уникальная «система Физтеха»: кропотливое воспитание и отбор самых талантливых абитуриентов, фундаментальное образование высшего класса и раннее вовлечение студентов в реальную научно-исследовательскую работу. Среди выпускников МФТИ есть Нобелевские лауреаты, основатели всемирно известных компаний, известные космонавты, изобретатели, инженеры....

关于 American Institute of Business and Economics

The American Institute of Business and Economics (AIBEc) offers a wide variety of business courses in finance, accounting, marketing, strategy, HR, business law, economics, general management, business psychology, as well as course projects and the Field study. AIBEc provides for flexibility and customization of programs and schedules....

关于 Understanding Modern Finance 专项课程

This Specialization is designed for a wide audience of those interested in finance either professionally or just of curiosity, including managers of different levels specializing in finance, accounting, business planning, strategy, consulting, and project management, IT specialists engaged in the area of finance, fin-tech, big data, and valuation, etc. Through four courses and the final Project, you will cover the theory and practice of capital markets and financial institutions, corporate finance and project valuation, financial and managerial accounting as applied to finance, as well as the M&A market as the ultimate judge of financial efficiency and value creation. The Specialization will prepare you to understand and use the applications of financial ideas, concepts, models, strategies, and tools to build a successful career in finance and in business, as well as to take advantage of opportunities offered by financial markets....
Understanding Modern Finance

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