Informações sobre o curso
4.9
8 classificações
5 avaliações
Programa de cursos integrados
100% online

100% online

Comece imediatamente e aprenda em seu próprio cronograma.
Prazos flexíveis

Prazos flexíveis

Redefinir os prazos de acordo com sua programação.
Nível intermediário

Nível intermediário

Horas para completar

Aprox. 24 horas para completar

Sugerido: 6 hours/week...
Idiomas disponíveis

Inglês

Legendas: Inglês
Programa de cursos integrados
100% online

100% online

Comece imediatamente e aprenda em seu próprio cronograma.
Prazos flexíveis

Prazos flexíveis

Redefinir os prazos de acordo com sua programação.
Nível intermediário

Nível intermediário

Horas para completar

Aprox. 24 horas para completar

Sugerido: 6 hours/week...
Idiomas disponíveis

Inglês

Legendas: Inglês

Programa - O que você aprenderá com este curso

Semana
1
Horas para completar
4 horas para concluir

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 vídeos (total de (Total 104 mín.) min), 6 leituras, 2 testes
Video12 videos
1.1. Introduction – perfect capital markets5min
1.2. Demand for the financial intermediation6min
1.3. Model of private information – key assumptions6min
1.4. Model of moral hazard14min
1.5. Co-insurance as a market solution to the moral hazard problem4min
1.6. Moral hazard in insurance (1) – a more advanced model12min
1.7. Moral hazard in insurance (2) – incomplete insurance8min
1.8. Model of adverse selection11min
1.9. Adverse selection in credit markets (1) – expected cash flows to the bank12min
1.10. Adverse selection in credit markets (2) – credit rationing8min
1.11. Moral hazard from increasing interest rates9min
Reading6 leituras
Konstantin Kontor10min
AIBEc. The American Institute of Business and Economics10min
Grading10min
Handouts – an important comment10min
1.1. Why do financial institutions exist?10min
1.2. Problems caused by private information10min
Quiz2 exercícios práticos
1 (Practice)20min
1 - Moral hazard, adverse selection, and the adventures of the greedy monopolist banks
Semana
2
Horas para completar
3 horas para concluir

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 vídeos (total de (Total 50 mín.) min), 2 leituras, 2 testes
Video7 videos
2.2. Debt contract with liquidation (DCL) as a means of alleviation of moral hazard. The inefficiency of DCL6min
2.3. Monitoring as a universal and efficient way of overcoming unobservability5min
2.4. Multiple lenders (1) – the model8min
2.5. Multiple lenders (2) – bank contracts5min
2.6. Delegated monitoring (1) – the interaction of the parties and bank’s profit12min
2.7. Delegated monitoring (2) – banks’ vulnerability to runs5min
Reading2 leituras
2.1. Alleviation of moral hazard – debt and equity contractss
2.2. Diversification and the feasibility of delegated monitoring10min
Quiz2 exercícios práticos
2 (Practice)20min
2 - Debt contracts and the anatomy of bank financings
Semana
3
Horas para completar
3 horas para concluir

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 vídeos (total de (Total 74 mín.) min), 2 leituras, 2 testes
Video8 videos
3.2. Liquidity creation (1) – the model of liquidity11min
3.3. Liquidity creation (2) – the mechanism10min
3.4. Banks’ vulnerability with respect to runs15min
3.5. Ways to fight bank runs (1) – suspension of convertibility4min
3.6. Ways to fight bank runs (2) – deposit insurance9min
3.7. Problems of deposit insurance12min
3.8. Deposit insurance and the need to regulate6min
Reading2 leituras
3.1. Banks – illiquid asset transformation10min
3.2. Banks – creation of liquidity and bank runs10min
Quiz2 exercícios práticos
3 (Practice)20min
3 - Asset transformation – “black boxes” and “red triangles”s
Semana
4
Horas para completar
3 horas para concluir

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 vídeos (total de (Total 78 mín.) min), 1 leitura, 2 testes
Video8 videos
4.2. The S&L crisis of the 1980’s. Zombie S&L’s. The sources and reasons of bank regulation8min
4.3. Bank regulation (1) – nature, goals, and importance13min
4.4. Bank regulation (2) – mechanism. The Basel Accords14min
4.5. Payment services – history, development, and technology5min
4.6. Mobile banking (1) – technology and services. Bank 3.011min
4.7. Mobile banking (2) – loans and monitoring at Bank 3.012min
4.8. Private banking. Mobile banking and traditional banking – from conflict to synergy7min
Reading1 leituras
4. Bank regulation and reform – an overview of articles10min
Quiz2 exercícios práticos
4 (Practice)20min
4 - From the Great Depression to Bank 3.0s
4.9
5 avaliaçõesChevron Right

Melhores avaliações

por DHNov 13th 2018

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

por ZADec 10th 2018

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

Instrutores

Avatar

Konstantin Kontor

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

Sobre 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....

Sobre 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....

Sobre o Programa de cursos integrados 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

Perguntas Frequentes – FAQ

  • Ao se inscrever para um Certificado, você terá acesso a todos os vídeos, testes e tarefas de programação (se aplicável). Tarefas avaliadas pelos colegas apenas podem ser enviadas e avaliadas após o início da sessão. Caso escolha explorar o curso sem adquiri-lo, talvez você não consiga acessar certas tarefas.

  • Quando você se inscreve no curso, tem acesso a todos os cursos na Especialização e pode obter um certificado quando concluir o trabalho. Seu Certificado eletrônico será adicionado à sua página de Participações e você poderá imprimi-lo ou adicioná-lo ao seu perfil no LinkedIn. Se quiser apenas ler e assistir o conteúdo do curso, você poderá frequentá-lo como ouvinte sem custo.

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