The University of Southampton
Courses

MANG6374 International Banking (PT)

Module Overview

This module is focused on banking, as opposed to financial market or accounting and finance-related courses otherwise on offer in the MBA. Students will learn about the ‘micro’ side of banking, including financial institutions, instruments and techniques, such as hedging, or bank regulation. In addition, the module covers the ‘macro’ side of banking, which is how banking is connected to and influenced by the economy.

Aims and Objectives

Module Aims

• Teach the functioning and role of banks, including the central bank, in the economy, and to give insights into recurring problems such as banking crisis, business and asset price cycles etc. • Develop specialist financial skills for learners wishing to embark on a career in international banking, financial markets and economics, and those interested in learning about the role and functions of banks, including their influence on the economy.

Learning Outcomes

Knowledge and Understanding

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

  • The logic and workings of financial institutions, and banks in particular;
  • The available financial instruments and workings of international financial markets, including roles of speculators, investors, bankers and central bankers;
  • The role of banks and the central bank and how they influence the economy, including consumer prices and asset prices.
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;
  • Evaluate the risks and rewards associated with different financial instruments, and financial institutional settings;
  • Interpret critically official publications by banks, central banks and authorities and compare this to empirical reality.
Transferable and Generic Skills

Having successfully completed this module you will be able to:

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

Syllabus

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

Learning and Teaching

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

TypeHours
Independent Study70
Teaching30
Total study time100

Resources & Reading list

Giddy, I. (1994). Global Financial Markets. 

Journal of Financial Services Research. 

Financial Management. 

Journal of Banking and Finance. 

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

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

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

Federal Reserve Bank of New York Quarterly Review. 

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

Financial Stability Review. 

Federal Reserve Bulletin. 

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

Financial Times. 

Bank of England Quarterly Bulleting. 

Assessment

Formative

In-class formative opportunities

Summative

MethodPercentage contribution
Examination  (2.5 hours) 100%

Repeat

MethodPercentage contribution
Examination  (2.5 hours) 100%

Referral

MethodPercentage contribution
Examination  (2.5 hours) 100%

Repeat Information

Repeat type: Internal & External

Costs

Costs associated with this module

Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.

In addition to this, students registered for this module typically also have to pay for:

Textbooks

Recommended texts for this module may be available in limited supply in the University Library and students may wish to purchase the mandatory/additional reading text as appropriate.

Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at www.calendar.soton.ac.uk.

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