課程信息
4.9
7 個評分
4 個審閱
專項課程
100% 在線

100% 在線

立即開始,按照自己的計劃學習。
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根據您的日程表重置截止日期。
中級

中級

完成時間(小時)

完成時間大約為23 小時

建議:6 hours/week...
可選語言

英語(English)

字幕:英語(English)
專項課程
100% 在線

100% 在線

立即開始,按照自己的計劃學習。
可靈活調整截止日期

可靈活調整截止日期

根據您的日程表重置截止日期。
中級

中級

完成時間(小時)

完成時間大約為23 小時

建議:6 hours/week...
可選語言

英語(English)

字幕:英語(English)

教學大綱 - 您將從這門課程中學到什麼

1
完成時間(小時)
完成時間為 4 小時

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 個視頻 (總計 104 分鐘), 6 個閱讀材料, 2 個測驗
Video12 個視頻
1.1. Introduction – perfect capital markets5分鐘
1.2. Demand for the financial intermediation6分鐘
1.3. Model of private information – key assumptions6分鐘
1.4. Model of moral hazard14分鐘
1.5. Co-insurance as a market solution to the moral hazard problem4分鐘
1.6. Moral hazard in insurance (1) – a more advanced model12分鐘
1.7. Moral hazard in insurance (2) – incomplete insurance8分鐘
1.8. Model of adverse selection11分鐘
1.9. Adverse selection in credit markets (1) – expected cash flows to the bank12分鐘
1.10. Adverse selection in credit markets (2) – credit rationing8分鐘
1.11. Moral hazard from increasing interest rates9分鐘
Reading6 個閱讀材料
Konstantin Kontor10分鐘
AIBEc. The American Institute of Business and Economics10分鐘
Grading10分鐘
Handouts – an important comment10分鐘
1.1. Why do financial institutions exist?10分鐘
1.2. Problems caused by private information10分鐘
Quiz2 個練習
1 (Practice)20分鐘
1 - Moral hazard, adverse selection, and the adventures of the greedy monopolist bank分鐘
2
完成時間(小時)
完成時間為 3 小時

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 個視頻 (總計 50 分鐘), 2 個閱讀材料, 2 個測驗
Video7 個視頻
2.2. Debt contract with liquidation (DCL) as a means of alleviation of moral hazard. The inefficiency of DCL6分鐘
2.3. Monitoring as a universal and efficient way of overcoming unobservability5分鐘
2.4. Multiple lenders (1) – the model8分鐘
2.5. Multiple lenders (2) – bank contracts5分鐘
2.6. Delegated monitoring (1) – the interaction of the parties and bank’s profit12分鐘
2.7. Delegated monitoring (2) – banks’ vulnerability to runs5分鐘
Reading2 個閱讀材料
2.1. Alleviation of moral hazard – debt and equity contracts分鐘
2.2. Diversification and the feasibility of delegated monitoring10分鐘
Quiz2 個練習
2 (Practice)20分鐘
2 - Debt contracts and the anatomy of bank financing分鐘
3
完成時間(小時)
完成時間為 3 小時

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 個視頻 (總計 74 分鐘), 2 個閱讀材料, 2 個測驗
Video8 個視頻
3.2. Liquidity creation (1) – the model of liquidity11分鐘
3.3. Liquidity creation (2) – the mechanism10分鐘
3.4. Banks’ vulnerability with respect to runs15分鐘
3.5. Ways to fight bank runs (1) – suspension of convertibility4分鐘
3.6. Ways to fight bank runs (2) – deposit insurance9分鐘
3.7. Problems of deposit insurance12分鐘
3.8. Deposit insurance and the need to regulate6分鐘
Reading2 個閱讀材料
3.1. Banks – illiquid asset transformation10分鐘
3.2. Banks – creation of liquidity and bank runs10分鐘
Quiz2 個練習
3 (Practice)20分鐘
3 - Asset transformation – “black boxes” and “red triangles”分鐘
4
完成時間(小時)
完成時間為 3 小時

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 個視頻 (總計 78 分鐘), 1 個閱讀材料, 2 個測驗
Video8 個視頻
4.2. The S&L crisis of the 1980’s. Zombie S&L’s. The sources and reasons of bank regulation8分鐘
4.3. Bank regulation (1) – nature, goals, and importance13分鐘
4.4. Bank regulation (2) – mechanism. The Basel Accords14分鐘
4.5. Payment services – history, development, and technology5分鐘
4.6. Mobile banking (1) – technology and services. Bank 3.011分鐘
4.7. Mobile banking (2) – loans and monitoring at Bank 3.012分鐘
4.8. Private banking. Mobile banking and traditional banking – from conflict to synergy7分鐘
Reading1 個閱讀材料
4. Bank regulation and reform – an overview of articles10分鐘
Quiz2 個練習
4 (Practice)20分鐘
4 - From the Great Depression to Bank 3.0分鐘
4.9
4 個審閱Chevron Right

熱門審閱

創建者 DHNov 13th 2018

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

創建者 ZADec 10th 2018

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

講師

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Konstantin Kontor

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

關於 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....

關於 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....

關於 Understanding Modern Finance 專項課程

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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