Financial Intermediation (UD)

- To understand the objectives of the well-functioning financial intermediaries within the economy
- To understand the role of bank screening, monitoring and liquidity provision of financial intermediaries
- To be acquainted with the regulation of financial intermediaries, especially in the context of systemic risk prevention
- To understand basic types of financial systems
- To understand the impact of financial intermediaries on the macro economic position of the economy

1. The supervision of financial intermediaries
2. Liquidity provision by banks and financial markets
3. Bank runs and financial crises
4. Bank regulation
5. Financial contracts design and competition among banks
6. Comparison of financial systems
7. Intermediation, the credit market and the macroeconomic conditions of the economy
8. Information problems between a bank and its clients: Moral hazard problem
9. Information problems between a bank and its clients: Adverse selection problem