Über diesen Kurs
3,864 recent views

100 % online

Beginnen Sie sofort und lernen Sie in Ihrem eigenen Tempo.

Flexible Fristen

Setzen Sie Fristen gemäß Ihrem Zeitplan zurück.

Stufe „Mittel“

Ca. 25 Stunden zum Abschließen

Empfohlen: 6 hours/week...

Englisch

Untertitel: Englisch

100 % online

Beginnen Sie sofort und lernen Sie in Ihrem eigenen Tempo.

Flexible Fristen

Setzen Sie Fristen gemäß Ihrem Zeitplan zurück.

Stufe „Mittel“

Ca. 25 Stunden zum Abschließen

Empfohlen: 6 hours/week...

Englisch

Untertitel: Englisch

Lehrplan - Was Sie in diesem Kurs lernen werden

Woche
1
4 Stunden zum Abschließen

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.

...
12 Videos (Gesamt 104 min), 6 Lektüren, 2 Quiz
12 Videos
1.3. Model of private information – key assumptions6m
1.4. Model of moral hazard14m
1.5. Co-insurance as a market solution to the moral hazard problem4m
1.6. Moral hazard in insurance (1) – a more advanced model12m
1.7. Moral hazard in insurance (2) – incomplete insurance8m
1.8. Model of adverse selection11m
1.9. Adverse selection in credit markets (1) – expected cash flows to the bank12m
1.10. Adverse selection in credit markets (2) – credit rationing8m
1.11. Moral hazard from increasing interest rates9m
6 Lektüren
Konstantin Kontor10m
AIBEc. The American Institute of Business and Economics10m
Grading10m
Handouts – an important comment10m
1.1. Why do financial institutions exist?10m
1.2. Problems caused by private information10m
2 praktische Übungen
1 (Practice)20m
1 - Moral hazard, adverse selection, and the adventures of the greedy monopolist bank1h
Woche
2
3 Stunden zum Abschließen

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?

...
7 Videos (Gesamt 50 min), 2 Lektüren, 2 Quiz
7 Videos
2.4. Multiple lenders (1) – the model8m
2.5. Multiple lenders (2) – bank contracts5m
2.6. Delegated monitoring (1) – the interaction of the parties and bank’s profit12m
2.7. Delegated monitoring (2) – banks’ vulnerability to runs5m
2 Lektüren
2.1. Alleviation of moral hazard – debt and equity contracts1h
2.2. Diversification and the feasibility of delegated monitoring10m
2 praktische Übungen
2 (Practice)20m
2 - Debt contracts and the anatomy of bank financing1h
Woche
3
3 Stunden zum Abschließen

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.

...
8 Videos (Gesamt 74 min), 2 Lektüren, 2 Quiz
8 Videos
3.4. Banks’ vulnerability with respect to runs15m
3.5. Ways to fight bank runs (1) – suspension of convertibility4m
3.6. Ways to fight bank runs (2) – deposit insurance9m
3.7. Problems of deposit insurance12m
3.8. Deposit insurance and the need to regulate6m
2 Lektüren
3.1. Banks – illiquid asset transformation10m
3.2. Banks – creation of liquidity and bank runs10m
2 praktische Übungen
3 (Practice)20m
3 - Asset transformation – “black boxes” and “red triangles”1h
Woche
4
3 Stunden zum Abschließen

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.

...
8 Videos (Gesamt 78 min), 1 Lektüre, 2 Quiz
8 Videos
4.4. Bank regulation (2) – mechanism. The Basel Accords14m
4.5. Payment services – history, development, and technology5m
4.6. Mobile banking (1) – technology and services. Bank 3.011m
4.7. Mobile banking (2) – loans and monitoring at Bank 3.012m
4.8. Private banking. Mobile banking and traditional banking – from conflict to synergy7m
1 Lektüre
4. Bank regulation and reform – an overview of articles10m
2 praktische Übungen
4 (Practice)20m
4 - From the Great Depression to Bank 3.01h
4.5
6 BewertungenChevron Right

Top reviews from Capital Markets and Financial Institutions – How to Survive Them

von ECSep 14th 2018

Good course with a lot of clues where to dig further.\n\nIt makes you understand the mechanics behind many financial decisions.

von DHNov 13th 2018

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

Dozent

Avatar

Konstantin Kontor

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

Über Moscow Institute of Physics and Technology

Московский физико-технический институт (Физтех) является одним из ведущих вузов страны и входит в основные рейтинги лучших университетов мира. Институт обладает не только богатой историей – основателями и профессорами института были Нобелевские лауреаты Пётр Капица, Лев Ландау и Николай Семенов – но и большой научно-исследовательской базой. Основой образования в МФТИ является уникальная «система Физтеха», сформулированная Петром Капицей: кропотливый отбор одаренных и склонных к творческой работе абитуриентов; участие в обучении ведущих научных работников; индивидуальный подход к отдельным студентам с целью развития их творческих задатков; воспитание с первых шагов в атмосфере технических исследований и конструктивного творчества с использованием потенциала лучших лабораторий страны. Среди выпускников МФТИ — нобелевские лауреаты Андрей Гейм и Константин Новоселов, основатель компании ABBYY Давид Ян, один из авторов архитектурных принципов построения вычислительных комплексов Борис Бабаян и др....

Über 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....

Über die Spezialisierung Understanding Modern Finance

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

Häufig gestellte Fragen

  • Sobald Sie sich für ein Zertifikat angemeldet haben, haben Sie Zugriff auf alle Videos, Quizspiele und Programmieraufgaben (falls zutreffend). Aufgaben, die von anderen Kursteilnehmern bewertet werden, können erst dann eingereicht und überprüft werden, wenn Ihr Unterricht begonnen hat. Wenn Sie sich den Kurs anschauen möchten, ohne ihn zu kaufen, können Sie womöglich auf bestimmte Aufgaben nicht zugreifen.

  • Wenn Sie sich für den Kurs anmelden, erhalten Sie Zugriff auf alle Kurse der Spezialisierung und Sie erhalten nach Abschluss aller Arbeiten ein Zertifikat. Ihr elektronisches Zertifikat wird zu Ihrer Seite „Errungenschaften“ hinzugefügt – von dort können Sie Ihr Zertifikat ausdrucken oder es zu Ihrem LinkedIn Profil hinzufügen. Wenn Sie nur lesen und den Inhalt des Kurses anzeigen möchten, können Sie kostenlos als Gast an dem Kurs teilnehmen.

Haben Sie weitere Fragen? Besuchen Sie das Hilfe-Center für Teiln..