Module overview
This module is the core unit of the MSc International Banking and Financial Studies. It is also the module that is most directly focusing on banking, as opposed to financial market or accounting and finance-related courses otherwise on offer.
This is a double-unit. In Semester 1 students learn the ‘micro’ side of banking, including financial institutions, the lending technology and other instruments that banks use, as well as bank regulation and bank performance. In Semester 2 students learn how banking is connected to and influenced by the economy – the ‘macro’ side of banking.
Aims and Objectives
Learning Outcomes
Knowledge and Understanding
Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:
- the institutional structure and uses of financial markets with emphasis on banking.
- banking supervision and regulation in an international context;
- The risks and performance of banks and of the financial products and instruments that banks use.
- 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 role of financial institutions, and banks in particular;
- important aspects of central banking in an international context.
- financial and banking crises in an international context;
- the function of international and national financial markets with emphasis on banking
Transferable and Generic Skills
Having successfully completed this module you will be able to:
- develop skills in critically assessing and using official statements;
- become aware of latent biases in official publications and versions of events;
- learn to evaluate data, and use it in order to act upon it;
- develop analytical skills using an evidence-based approach
- make up your own mind about events, by utilising an empirical research methodology.
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;
- 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.
- Understand the key lending products and technologies of banks as well the role banks play in the markets of other financial instruments
Syllabus
- 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
Learning and Teaching
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.
Type | Hours |
---|---|
Independent Study | 270 |
Teaching | 30 |
Total study time | 300 |
Resources & Reading list
General Resources
Financial Times. Journal
Journal of Financial Services Research. Journal
Bank of England Quarterly Bulletin. Journal
Journal of Banking and Finance. Journal
Federal Reserve Bank of New York Quarterly Review. Journal
Financial Stability Review. Journal
Financial Management. Journal
Federal Reserve Bulletin. Journal
Textbooks
Roger LeRoy Miller and David D. VanHoose (1993). Modern Money and Banking. McGraw-Hill.
Richard Werner (2005). New Paradigm in Macroeconomics. Palgrave Macmillan.
Shelagh Heffernan (2005). Modern Banking. John Wiley & Sons.
Philip Molyneux. Banking: An Introductory Text. Macmillan.
Ian Giddy. Global Financial Markets. D C Heath.
Frederick Mishkin and S. Eakins. Financial Markets and Institutions. Addison Wesley.
Kent Matthews and John Thompson (2005). The Economics of Banking. John Wiley & Sons.
Josh Ryan-Collins, Tony Greenham, Richard Werner and Andrew Jackson (2011). Where Does Money Come From?. London: New Economics Foundation.
David Eiteman, Arthur Stonehill and Michael Moffett. Multinational Business Finance. Addison Wesley.
Richard Dale. Risk and Regulation in Global Securities Markets. John Wiley & Sons.
Assessment
Formative
This is how we’ll give you feedback as you are learning. It is not a formal test or exam.
Examination Questions and answersSummative
This is how we’ll formally assess what you have learned in this module.
Method | Percentage contribution |
---|---|
Examination | 50% |
Examination | 50% |
Referral
This is how we’ll assess you if you don’t meet the criteria to pass this module.
Method | Percentage contribution |
---|---|
Examination | 100% |
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.
Method | Percentage contribution |
---|---|
Examination | 50% |
Examination | 50% |
Repeat Information
Repeat type: Internal & External