describes the main products and functions of banks, as well as the risks they undertake in order to contribute to social welfare, using as vehicle their main financial statements,
explores bank risk management, including the risks from asymmetric information,
explores the multi-faceted interactions between banks, the financial system, governments, central banks and the economy,
analyses the private incentives of all players, from bank employees all the way to the top management of the supervisory authorities,
stresses the role of information technology and of other forces of change,
describes the dynamics of banking crises,
highlights the logical underpinnings of the complex institutional framework that governs the operation of banks,
uses current economic and financial developments, both domestic and international, to tie the course to the real world.
After completing this course, students are expected to
analyse critically banks’ financial statements,
understand bank risks and functions,
understand the role and dilemmas of the institutional framework,
assess the likely impact of changes in the institutional framework and in the economy on bank strategies,
combine banking logic with macroeconomics for complete financial analyses.
General Competences
Search for, analysis and synthesis of data and information, with the use of the necessary technology
Adapting to new situations
Decision-making
Working independently
Work in an international environment
Work in an interdisciplinary environment
Showing social, professional and ethical responsibility
Production of free, creative and inductive thinking
3. Syllabus
The financial system
Structure
Main products
Finance and development
Introduction to banking
Main financial statements
Loan-loss provisions
Competition
Shadow banking system
Bank capital
Bank risks
The role of information
Asymmetric information
Asymmetric information and financial products
Market responses
Banks and the economy
Economy, economic policy, markets and bank risks
Procyclicality and the dynamics of banking crises
Financial contagion
Banks and authorities
Banks’ safety net
Bail in and bail outs
Capturing economic policy
Regulation
Economic analysis
Basel I, II & III
Supervision
Micro-prudential
Macro-prudential
Micro vs. macro-prudential supervision
Supervision and economic policy
4. Teaching and Learning Methods - Evaluation
Delivery
Face to face
Use of Information and Communications Technology
PowerPoint, Teams, e-Class
Teaching Methods
Activity
Semester Workload
Lectures
52
Independent Study
110
Tutorials
25,5
Σύνολο Μαθήματος
187,5
Student Performance Evaluation
Written exam: 100%
Typically, the students are asked to analyse current developments and dilemmas pertaining to bank strategies and regulation/supervision.
Occasionally, they are asked to comment on a recent article from the financial press.
Bonus 10% based on class participation.
5. Attached Bibliography
Suggested Bibliography
Banking – Management & Strategy (in Greek), Angelos A. Antzoulatos, Diplografia Publishing, 2020.
Academic articles and analyses from the ECB, the Fed, IMF, BIS….