International Banking

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

• financial and banking crises in an international context;
• important aspects of central banking in an international context.
• the function of international and national financial markets with emphasis on banking
• the role of financial institutions, and banks in particular;
• The risks and performance of banks and of the financial products and instruments that banks use.
• banking supervision and regulation in an international context;
• the role of banks and the central bank and how they influence the economy, including consumer prices and asset prices;
• the link between banks and economic development in an international context;
• the institutional structure and uses of financial markets with emphasis on banking.

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• assess the role and impact of banks and the central bank, and the need for appropriate regulation and supervision;
• Understand the key lending products and technologies of banks as well the role banks play in the markets of other financial instruments
• interpret critically official publications by banks, central banks and authorities
• gain an understanding of the logic and workings of financial institutions, markets and the economy.

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• develop analytical skills using an evidence-based approach
• learn to evaluate data, and use it in order to act upon it;
• make up your own mind about events, by utilising an empirical research methodology.
• become aware of latent biases in official publications and versions of events;
• develop skills in critically assessing and using official statements;

• The micro-side of banking and regulation
• The need for financial intermediation and the activities of banks
• The loan market: Lending, Lending technologies and syndicated lending
• Bank industry structure and competition
• Banks as participants in other financial markets (e.g. money, bond and mortgage markets).
• Bank risk and performance
• Bank supervision and regulation

Role and Impact of Banking in the economy:

• The role of banks in money creation and money supply
• Monetary policy and its transmission through the banking system
• Ownership issues in banking (foreign vs private vs state banks)
• Banking Crises and Banking Sector Restructuring
• Central Banking
• International Banking and Economic Development

Teaching and learning methods

The course takes place over two semesters. Teaching mainly takes the form of lectures, with recommended supplementary reading. There will be handouts for parts of the programme, but students are encouraged to take careful notes of the lectures. Depending on class size, there is the possibility (rarely implemented) of adding group presentations based on case studies. The course should offer ample stimuli for MSc dissertation topics.

Resources & Reading list

General Resources

Journal of Financial Services Research. Journal

Bank of England Quarterly Bulletin. Journal

Financial Management. Journal

Federal Reserve Bank of New York Quarterly Review. Journal

Federal Reserve Bulletin. Journal

Financial Stability Review. Journal

Financial Times. Journal

Journal of Banking and Finance. Journal

Textbooks

Roger LeRoy Miller and David D. VanHoose (1993). Modern Money and Banking. McGraw-Hill.

Frederick Mishkin and S. Eakins. Financial Markets and Institutions. Addison Wesley.

Richard Dale. Risk and Regulation in Global Securities Markets. John Wiley & Sons.

Richard Werner (2005). New Paradigm in Macroeconomics. Palgrave Macmillan.

David Eiteman, Arthur Stonehill and Michael Moffett. Multinational Business Finance. Addison Wesley.

Shelagh Heffernan (2005). Modern Banking. John Wiley & Sons.

Josh Ryan-Collins, Tony Greenham, Richard Werner and Andrew Jackson (2011). Where Does Money Come From?. London: New Economics Foundation.

Ian Giddy. Global Financial Markets. D C Heath.

Philip Molyneux. Banking: An Introductory Text. Macmillan.

Kent Matthews and John Thompson (2005). The Economics of Banking. John Wiley & Sons.

Formative

This is how we’ll give you feedback as you are learning. It is not a formal test or exam.

Summative

This is how we’ll formally assess what you have learned in this module.

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.

Repeat Information

Repeat type: Internal & External