Об этом курсе
Недавно просмотрено: 3,954

Курс 1 из 5 в программе

100% онлайн

Начните сейчас и учитесь по собственному графику.

Гибкие сроки

Назначьте сроки сдачи в соответствии со своим графиком.

Промежуточный уровень

Прибл. 25 часа на выполнение

Предполагаемая нагрузка: 6 hours/week...

Английский

Субтитры: Английский

Курс 1 из 5 в программе

100% онлайн

Начните сейчас и учитесь по собственному графику.

Гибкие сроки

Назначьте сроки сдачи в соответствии со своим графиком.

Промежуточный уровень

Прибл. 25 часа на выполнение

Предполагаемая нагрузка: 6 hours/week...

Английский

Субтитры: Английский

Программа курса: что вы изучите

Неделя
1
4 ч. на завершение

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 видео ((всего 104 мин.)), 6 материалов для самостоятельного изучения, 2 тестов
12 видео
1.3. Model of private information – key assumptions6мин
1.4. Model of moral hazard14мин
1.5. Co-insurance as a market solution to the moral hazard problem4мин
1.6. Moral hazard in insurance (1) – a more advanced model12мин
1.7. Moral hazard in insurance (2) – incomplete insurance8мин
1.8. Model of adverse selection11мин
1.9. Adverse selection in credit markets (1) – expected cash flows to the bank12мин
1.10. Adverse selection in credit markets (2) – credit rationing8мин
1.11. Moral hazard from increasing interest rates9мин
6 материала для самостоятельного изучения
Konstantin Kontor10мин
AIBEc. The American Institute of Business and Economics10мин
Grading10мин
Handouts – an important comment10мин
1.1. Why do financial institutions exist?10мин
1.2. Problems caused by private information10мин
2 практического упражнения
1 (Practice)20мин
1 - Moral hazard, adverse selection, and the adventures of the greedy monopolist bank
Неделя
2
3 ч. на завершение

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 видео ((всего 50 мин.)), 2 материалов для самостоятельного изучения, 2 тестов
7 видео
2.4. Multiple lenders (1) – the model8мин
2.5. Multiple lenders (2) – bank contracts5мин
2.6. Delegated monitoring (1) – the interaction of the parties and bank’s profit12мин
2.7. Delegated monitoring (2) – banks’ vulnerability to runs5мин
2 материала для самостоятельного изучения
2.1. Alleviation of moral hazard – debt and equity contracts
2.2. Diversification and the feasibility of delegated monitoring10мин
2 практического упражнения
2 (Practice)20мин
2 - Debt contracts and the anatomy of bank financing
Неделя
3
3 ч. на завершение

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 видео ((всего 74 мин.)), 2 материалов для самостоятельного изучения, 2 тестов
8 видео
3.4. Banks’ vulnerability with respect to runs15мин
3.5. Ways to fight bank runs (1) – suspension of convertibility4мин
3.6. Ways to fight bank runs (2) – deposit insurance9мин
3.7. Problems of deposit insurance12мин
3.8. Deposit insurance and the need to regulate6мин
2 материала для самостоятельного изучения
3.1. Banks – illiquid asset transformation10мин
3.2. Banks – creation of liquidity and bank runs10мин
2 практического упражнения
3 (Practice)20мин
3 - Asset transformation – “black boxes” and “red triangles”
Неделя
4
3 ч. на завершение

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 видео ((всего 78 мин.)), 1 материал для самостоятельного изучения, 2 тестов
8 видео
4.4. Bank regulation (2) – mechanism. The Basel Accords14мин
4.5. Payment services – history, development, and technology5мин
4.6. Mobile banking (1) – technology and services. Bank 3.011мин
4.7. Mobile banking (2) – loans and monitoring at Bank 3.012мин
4.8. Private banking. Mobile banking and traditional banking – from conflict to synergy7мин
1 материал для самостоятельного изучения
4. Bank regulation and reform – an overview of articles10мин
2 практического упражнения
4 (Practice)20мин
4 - From the Great Depression to Bank 3.0
4.5
Рецензии: 6Chevron Right

Лучшие отзывы о курсе Capital Markets and Financial Institutions – How to Survive Them

автор: 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.

автор: DHNov 13th 2018

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

Преподаватели

Avatar

Konstantin Kontor

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

О Московский физико-технический институт

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....

О Американский институт бизнеса и экономики

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....

О специализации ''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

Часто задаваемые вопросы

  • Зарегистрировавшись на сертификацию, вы получите доступ ко всем видео, тестам и заданиям по программированию (если они предусмотрены). Задания по взаимной оценке сокурсниками можно сдавать и проверять только после начала сессии. Если вы проходите курс без оплаты, некоторые задания могут быть недоступны.

  • Записавшись на курс, вы получите доступ ко всем курсам в специализации, а также возможность получить сертификат о его прохождении. После успешного прохождения курса на странице ваших достижений появится электронный сертификат. Оттуда его можно распечатать или прикрепить к профилю LinkedIn. Просто ознакомиться с содержанием курса можно бесплатно.

Остались вопросы? Посетите Центр поддержки учащихся.