Microeconomics of Banking Lecture 1 rncarpio

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Introduction to the Course, This course is a graduate level introduction to modern theories of. banks and financial intermediation,This course will be taught entirely in English. Website http rncarpio com teaching MicroBanking, Announcements slides homeworks will be posted on website. Ronaldo Carpio Microeconomics of Banking Lecture 1. About Me Ronaldo Carpio,BS Electrical Engineering CS UC Berkeley. Master s in Public Policy UC Berkeley,PhD Economics UC Davis.
Joined School of Banking Finance in 2012, Ronaldo Carpio Microeconomics of Banking Lecture 1. Outline of the Course,This course will focus on theory and models. The goal is to become familiar with the models underlying current. research and also to become familiar with the current frontier in. The financial crisis has demonstrated the real world importance of. banks but banks do not fit comfortably in the models economists. commonly use, We will critique models when they don t fit and try to suggest ways. of improvement, Ronaldo Carpio Microeconomics of Banking Lecture 1. Prerequisites, Game theory and models of asymmetric information will be used.
heavily in this course, You should be comfortable with games and Nash Equilibria. We will have a self contained introduction to games with. asymmetric information later in the course, We will briefly discuss a general equilibrium model this week but it. won t be used very much, Ronaldo Carpio Microeconomics of Banking Lecture 1. Textbook Readings, The main textbook is Microeconomics of Banking 2nd Ed by. Xavier Freixas Jean Charles Rochet,Please email me if you don t have a copy.
Ronaldo Carpio Microeconomics of Banking Lecture 1. Textbook Readings, We will cover most of the chapters plus some additional topics that. are not covered in the book, Two useful pre crisis survey articles on financial intermediation. available on the course website are, Allen Santomero 2001 What do financial intermediaries. Gorton Winton 2003 Financial Intermediation, Ronaldo Carpio Microeconomics of Banking Lecture 1. Tentative Course Plan,There will be around 12 weeks of lectures.
We will cover Chapters 1 5 and 7 8 in the textbook for the first 9. Then we will cover the topics Critiques of Debt as Discipline and. Financial Intermediation and Macroeconomics for 2 weeks. In the last week students will give a short 25 minute presentation. on a current research paper I will provide a list later. Ronaldo Carpio Microeconomics of Banking Lecture 1. Class Participation 30 Written Assignments 30 Final. Exam Paper 40, Written Assignments there will be a few problem sets assigned and. an Article Review assignment detailed format will be given out. We will either have a take home final exam or a research proposal. assignment to be decided, Ronaldo Carpio Microeconomics of Banking Lecture 1. Contacting Me,Email rncarpio yahoo com,Office 123 Qiusuo Bldg. Office Hours Monday 15 00 16 00 or by appointment, Ronaldo Carpio Microeconomics of Banking Lecture 1. Planned Topics,Introduction Motivation Ch 1,The Role of Financial Intermediaries Ch 2.
The Industrial Organization Approach to Banking Ch 3. The Lender Borrower Relationship Ch 4, Equilibrium in the Credit Market and Its Macroeconomic. Implications Ch 5,Individual Bank Runs and Systemic Risk Ch 7. Managing Risks in the Banking Firm Ch 8,Critiques of Debt as Discipline Models. Financial Intermediation and Microeconomics, Ronaldo Carpio Microeconomics of Banking Lecture 1. Outline of Today s Lecture,What is a Bank and Why do Banks Exist.
Functions of Banks, Problems with Standard Theories General Equilibrium Theory of. Ronaldo Carpio Microeconomics of Banking Lecture 1. What Do Banks Do, Banks are complicated enterprises and they perform many. inter related tasks, These tasks may or may not be essential an interesting question in. the wake of the financial crisis is whether some of these tasks may. be split up to reduce risk, For example some economists propose splitting banks into firms. that only take deposits and invest in safe bonds and firms that. only make loans funded by equity, The traditional view of the essential banking activity is that they.
take deposits and make loans, Here we will list some of the related activities that we see banks. have done in the past and present, Ronaldo Carpio Microeconomics of Banking Lecture 1. Liquidity and Payment Services, These are services that make it easier to use money for trade rather. than barter, One of the oldest roles of banks was money changing exchange. between different currencies issued by different institutions. A large variety of coins circulated but not all coins were accepted. everywhere, Banks exchanged different coins especially at international.
marketplaces and trade fairs,Also specialized in sorting good from bad coins. Ronaldo Carpio Microeconomics of Banking Lecture 1. Safe Keepers of Deposits, Management of deposits safekeeping of coins or bullion. Protection against fire theft etc, Initially the deposited items were not lent out and the depositor. paid the bank for the service rather than the bank paying interest. to the depositor, Ronaldo Carpio Microeconomics of Banking Lecture 1. L The traditional view of the essential banking activity is that they take deposits and make loans L Here we will list some of the related activities that we see banks have done in the past and present Ronaldo Carpio Microeconomics of Banking Lecture 1

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