Finance and insurance | Course catalogue

ECONOMICS OF INTERNATIONAL FINANCIAL MARKETS AND INTERMEDIARIES

Course objectives

The course aims to provide students with basic knowledge and tools on the cognitive functioning of the financial system through analysis of its international attitude and development. In particular, the course analyses all the components that characterize the operation of financial intermediaries upon different financial systems, distinguishing between different countries’ systems of regulation and supervision. At the end of the course student will be able to perform comparative analysis of different financial systems in terms of business models, types of institutions, organization of capital markets. In particular • Knowledge and understanding: at the end of the course students will have the knowledge base of the fundamentals elements for the effectiveness of financial system and its functioning in an international perspective; • Applying knowledge and understanding: students will have the knowledge of and some skill in the way in which truth-finding and the development of theories and models take place in the relevant fields of international financial systems; • Making judgements: students will have the knowledge of and some skill in the way in which decision-making takes place in the relevant fields, in order to improve any enhancement on the functioning of international financial systems; • Learning skills: Has knowledge of and some skill in the way financial systems can satisfy the issues coming from the economic units

Channel 1

IDA CLAUDIA PANETTA Lecturers' profile

Program - Frequency - Exams

Course program

Part I - THE ANALYSIS OF INTERNATIONAL FINANCIAL SYSTEMS (12 hours) • Approaches to the analysis of financial systems • Taxonomy of financial systems • Analysis tools • Main data sources at the international level Part II - INTERNATIONAL FINANCIAL INTERMEDIARIES AND MARKETS: BUSINESS MODELS AND DEVELOPMENT STRATEGIES IN DIFFERENT CONTEXTS (14 hours) • The Security Exchange industry • The insurance sector • The banking sector • Other intermediaries (guarantee schemes, sovereign funds, investment funds, etc.) • The role of technological innovation in the areas of financial sector Part III - SUPERVISION AND REGULATION (4/6 hours) • Regulatory approaches • Supervisory models • The costs related to regulation and supervision activities Part IV - ANALYSIS OF SOME INTERNATIONAL FINANCIAL SYSTEMS (10 hours) • Islamic Financial System • Chinese financial system • US financial system or other PART V - New technologies for financial system (6//8)

Prerequisites

To approach the study of this course is necessary to have the basic knowledge related to the Economics of Financial System (bachelor degree level). In the event that an examination of this kind has not been attended during previous, it is necessary to fill in the gaps with a text concerning these topics. It is advisable to ask the Professor for more detailed indications.

Books

Papers and further reading will be indicated during the course and available at Sapienza’s e-learnig platform (to access the course website students need the code provided by the Professor). On the e-learnig platform study materials are provided, time by time during the course, the references of the program in the classroom to the specific study material. To access the course website students need an access code communicated during the lessons; non attending students can request access code at any time to the Professor via e-mail.

Frequency

Not mandatory, but raccomanded.

Exam mode

The evaluation consists in an oral exam devoted to verifying the acquisition of the following skills with reference to the subjects of the course: • Knowledge and ability to understand; • Ability to learn; • Autonomy of judgment. • Communication skills; • Knowledge and applied understanding. Intermediate evaluation tests are possible during the course to verify ongoing learning.

Lesson mode

Traditional lectures eventually supplemented by exercises at distance Testimonials and seminars (also at distance) Project and assignment