Financial Markets

Overview

This specialization is intended for students who want to gain a deep understanding of the functioning of financial markets and the role played by financial intermediaries. Students will analyze the role of liquidity in securities markets, and they will understand how security trading is organized and regulated and how it has been reshaped by algorithmic and high frequency trading, and how the trading process affects the formation of asset prices. They will also learn how to apply basic techniques to price derivatives and use them for hedging or speculative purposes. Finally, they will study how banking crises arise and propagate to the real economy, what regulators can do to prevent them, and how the “Fintech revolution” is shaping the banking industry.

Syllabus

Course 1: Market Microstructure
- Offered by Università di Napoli Federico II. Within this course you will learn about price formation and liquidity in securities markets. ... Enroll for free.

Course 2: Derivatives
- Offered by Università di Napoli Federico II. This course covers standard derivative pricing models. Both discrete time and continuous time ... Enroll for free.

Course 3: Financial Intermediation
- Offered by Università di Napoli Federico II. By taking this course, students will learn the role played by financial intermediaries in ... Enroll for free.

Courses

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12 hours 44 minutes
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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 initiatives to avoid excessive risk-taking; the propagation of financial intermediaries for macroeconomic shocks; the microeconomics of banking, with emphasis on the role of market competition and the determinants of bank-firm relationships; the technological innovation that takes the name of “Fintech revolution” and how it is potentially disrupting traditional financial intermediation. Suggested prerequisites for this course are microeconomics, econometrics and mathematics for economists.