Money and Banking

Module overview

This module is one of the core units 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. Students learn the ‘micro’ side of banking, including , the lending activities, the interaction between banks and financial markets, bank investment activities , bank liquidity and money creation, bank risk, bank performance, as well as bank regulation.

Aims and Objectives

Learning Outcomes

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.

Knowledge and Understanding

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

the role of banks in credit, liquidity, and money creation.
the function of banking in financial markets and the economy.
the institutional structure and uses of financial markets with emphasis on banking.
the risks, stability and performance of banks.
the role of regulations in banking and the influence of the central bank.

Transferable and Generic Skills

Having successfully completed this module you will be able to:

learn to evaluate data, and use it in order to act upon it.
develop analytical skills using an evidence-based approach.
develop skills in critically assessing and using official statements.

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.

Study time
Type	Hours
Teaching	24
Independent Study	126
Total study time	150

Resources & Reading list

General Resources

Journal of Financial Intermediation. Journal

Journal of Financial Services Research. Journal

Journal of Banking and Finance. Journal

Bank of England Quarterly Bulletin. Journal / Working paper series

Financial Times.

Textbooks

Hubbard and O’Brien (2018). Money, Banking and the Financial System. Pearson.

Matthews and Thompson (2014). The Economics of Banking. Wiley.

Mishkin and Eakins (2015). Financial Markets and Institutions. Pearson.

Casu, Girardone and Molyneux (2015). Introduction to Banking. Pearson.

Saunders and Cornett (2019). Financial Markets and Institutions. McGraw Hill.

Assessment

Formative

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

Questions and answers

Assessment Type: Formative
Feedback:
Final Assessment: No
Group Work: No

Summative

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

Breakdown
Method	Percentage contribution
Examination	100%

Referral

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

Breakdown
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.

Breakdown
Method	Percentage contribution
Examination	100%