The course offers specialized knowledge of the financial system, the financial markets and the management of financial intermediaries, with particular reference to the measurement and management of the specific risks of financial intermediation. The course aims to increase the degree of understanding of the dynamics affecting markets and financial intermediaries in the broader context of systemic connections. The student will acquire knowledge, including through appropriate formalization of modeling related to simple and complex financial instruments and financial risk management models. The student will increase his / her ability to understand the applicative and decision-making aspects of how to use it in business finance and banking and financial operations.
Lectures and seminars.
Should teaching be carried out in mixed mode or remotely, it may be necessary to introduce changes with respect to previous statements, in line with the programme planned and outlined in the syllabus.
The financial system and the service offering. Theories of financial intermediation. The risk management of financial intermediaries. Financial instruments. The payment system and services. Markets. Financial intermediation: activities and institutional structures. Fintech. The strategy and organization of financial intermediation activities. Regulation, supervision, governance and internal controls. Monetary policy and the role of the ECB.
Nadotti L., Porzio C., Previati D., Economia degli Intermediari Finanziari. IV Edizione, 2022 Mc Graw Hill, Milano.