International Banking

Learning Outcomes

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• Assess 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 and compare this to empirical reality.
• Evaluate the risks and rewards associated with different financial instruments, and financial institutional settings;

Knowledge and Understanding

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

• The available financial instruments and workings of international financial markets, including roles of speculators, investors, bankers and central bankers;
• The logic and workings of financial institutions, and banks in particular;
• The role of banks and the central bank and how they influence the economy, including consumer prices and asset prices.

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• Manage individual tasks, personal resources and time effectively;
• Write effectively for business purposes;
• Analyse and evaluate data to enable decision-making;
• Make up your own mind about events, by utilising an empirical research methodology.

The nature of banking:

• Financial Instruments and their use:
• Markets and Participants
• Debt Markets and Interest Rates
• FX Spot, Forward and Options
• Arbitrage, Hedging, Swaps, Shorting
• Leverage, Currency Swaps, Futures, CFDs
• Risks in Banking
• Credit Derivatives (CDO, CLO, CDS)

Role and Impact of Banking:

• Banking and the Economy as described by Standard Economic Theories
• Problems and Puzzles of the Standard Approaches
• Inductive Approach to Banking and the Economy
• Banking Crises and Banking Sector Restructuring
• Central Banking
• International Banking and Economic Development
• Banking supervision and regulation

Teaching and learning methods

Teaching methods include

• Lectures
• Class exercises and discussions
• Case study

Learning activities include

• Class exercises and discussion
• Recommended reading
• Exam preparation

Resources & Reading list

Journal Articles

Federal Reserve Bulletin.

Financial Times.

Bank of England Quarterly Bulleting.

Journal of Financial Services Research.

Financial Management.

Federal Reserve Bank of New York Quarterly Review.

Financial Stability Review.

Journal of Banking and Finance.

Textbooks

Ryan-Collins, J., Greenham, T., Werner, R. and Jackson, A (2011). Where Does Money Come From?. London: New Economics Foundation.

Giddy, I. (1994). Global Financial Markets. D C Heath.

Mishkin, F., Eakins, S. (2003). Financial Markets and Institutions. Addison Wesley.

Miller, R. L., VanHoose, D. D. (1993). Modern Money and Banking. McGraw-Hill.

Eiteman, D, Stonehill, A., and Moffett, M. (2007). Multinational Business Finance. Addison Wesley.

Werner, R. (2005). New Paradigm in Macroeconomics. Palgrave Macmillan.

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