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Risk Management
Total risk management is the combination of all the elements of risk management into a consistent strategy...
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Training - Commercial Banking
Money and Banking:
2 days
Course outline
1. Motivation for Studying Money and Banking
(a) Reasons for Studying Banking and Financial Institutions
i. Structure of the Financial System
ii. Banks and Other Financial Institutions
iii. Financial Innovation
(b) Reasons for Studying Money and Monetary Policy
i. The Role of Money in the Economy
ii. Money and Business Cycles
iii. Money and Inflation
iv. Money and Interest Rates
v. Conduct of Monetary Policy
(c) Framework for the Study of Money and Banking
i. A Simplified Approach to the Demand for Assets
ii. The Concept of Equilibrium
iii. Basic Supply and Demand to Explain Behaviour in Financial
Markets
iv. The Search for Profits
v. An Approach to Financial Structure Based on Transaction
Costs and Asymmetric Information
vi. Aggregate Supply and Demand Analysis
2. An Overview of the Financial System
(a) The Role of Financial Markets
i. Matching Borrowers and Lenders
ii. Risk Sharing
iii. Liquidity
(b) The Structure of Financial Markets
i. Debt and Equity Markets
ii. Primary and Secondary Markets
iii. Exchanges and Over-The-Counter Markets
(c) The Role of Financial Intermediaries
i. Indirect Finance
ii. Transaction Costs
iii. Asymmetric Information: Adverse Selection and Moral
Hazard
3. The Role of Money
(a) Meaning of Money
(b) Functions of Money
i. Medium of Exchange
ii. Unit of Account
iii. Store of Value
(c) Evolution of the Payments System
i. Commodity Money
ii. Fiat Money
(d) Monetary Aggregates
(e) Reliability of Monetary Data
4. The Banking Firm
(a) The Bank Balance Sheet
(b) Basic Operation of a Bank
(c) General Principles of Bank Management
(d) Managing Credit Risk
(e) Managing Interest Rate Risk
(f) Off-Balance Sheet Activities
(g) Financial Innovation
5. Economic Analysis of Banking Regulation
6. The Central Bank
(a) Function of a Central Bank
(b) The Bank of England
i. Structure
(c) The Federal Reserve
(d) The European Central Bank
(e) Arguments for and against Central Bank Independence
7. Multiple Deposit Creation and the Money Supply Process
(a) Money Supply Process Agents
i. Central Bank
ii. Banks
iii. Depositors
iv. Borrowers
(b) Balance Sheet
i. Assets
ii. Liabilities
iii. Monetary Base
(c) Control of the Monetary Base
i. Open Market Operations
ii. Discount Loans
(d) Multiple Deposit Creation and Contraction
8. Determinants of the Money Supply
(a) The Money Multiplier
(b) Determinants of the Money Multiplier
9. Tools of Monetary Policy
(a) Open Market Operations
(b) Discount Policy
(c) Reserve Requirements
10. Goals and Targets of Monetary Policy
(a) General Goals of Monetary Policy
i. High Employment
ii. Economic Growth
iii. Price Stability
iv. Interest Rate Stability
v. Stability of Financial Markets
(b) Use of Targets in Monetary Policy
(c) Choice of Targets in Monetary Policy
(d) The Taylor Rule
(e) Exchange Rate Targetting
(f) Monetary Targetting
(g) In.ation Targetting
11. Macroeconomic Transmission Mechanisms of Monetary Policy
Course Fees
VAT to be included at the local rate, if applicable. Costs
shown are per delegate inclusive of refreshments, lunches and
seminar materials. Cost of accommodation is not included.
GBP 2500
Certificates of Participation
Certificates of participation are remitted to course
participants upon request |
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