Financial Intermediation

By taking this course, students will learn the role played by financial intermediaries in modern economies, their vital role to finance investments and the sources of risk associated with such intermediation activity. The course is structured to provide students with both theoretical notions, through the derivation of models developed by the literature, and empirical application, that are based on real data analyses. The topics covered include the role of financial development and banking activity for economic growth; the role of banks for the occurrence of financial crisis and the regulatory …