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Course 2005-2006 a.y.

8196 - COMPARATIVE FINANCIAL SYSTEMS


GM-LS - MM-LS - OSI-LS - AFC-LS - CLAPI-LS - CLEFIN-LS - CLELI-LS - CLEACC-LS - DES-LS - CLEMIT-LS - CLG-LS
Department of Finance

Course taught in English


Go to class group/s: 31

GM-LS (6 credits - II sem. - AI) - MM-LS (6 credits - II sem. - AI) - OSI-LS (6 credits - II sem. - AI) - AFC-LS (6 credits - II sem. - AI) - CLAPI-LS (6 credits - II sem. - AI) - CLEFIN-LS (6 credits - II sem. - AI) - CLELI-LS (6 credits - II sem. - AI) - CLEACC-LS (6 credits - II sem. - AI) - DES-LS (6 credits - II sem. - AI) - CLEMIT-LS (6 credits - II sem. - AI) - CLG-LS (6 credits - II sem. - AI)
Course Director:
MARCO ONADO

Classes: 31 (II sem.)
Instructors:
Class 31: MARCO ONADO


Course Objectives

  • Analyze the conceptual framework for comparing financial systems across countries and over time;
  • Discuss main differences in the financial systems of the industrialised countries in terms of households' financial assets and non-financial companies financial liabilities;
  • Discuss the main channels of intermediation: banks vs financial markets;
  • Analyze the European process of financial integration: the Directives, their implementation and the actual results;
  • Discuss main official documents published by international authorities: the European Central Bank, the Bank for International Settlements.

Course Content Summary

  • The theoretical framework: from Goldsmith to Allen-Gale;
  • Households financial assets in an international perspective: implications for the strategy of main international banks and asset managers;
  • Non-financial companies financial liabilities in an international perspective; implications for the strategy of main international banks;
  • The characteristics of main international banks: global players; multi-regional banks etc.;
  • The characteristics of main financial markets: the stock exchange; the organisation of trading and post-trading;
  • The European framework: the main Directives and their implementation;
  • Towards an European financial system.

Detailed Description of Assessment Methods

Written; both multiple choice and open questions.


Textbooks
  • To be announced at the beginning of the course.
Last change 05/07/2005 00:00