ECTS : 3
Description du contenu de l'enseignement :
This is a practical course that leverages empirical corporate finance tools to analyze financial intermediation, and in particular, the access to credit of firms. The course is organized in chapters, each covering a specific aspect of banking. Each chapter discusses selected papers by placing attention on the data and the methodology employed.
Chapter Topic
1 Introduction to banking analysis
2 Borrower-lender relationship
3 Banking competition
4 Bank capital regulation
5 Bank funding
6 Crises and bank lending
7 Monetary policy and banks
8 Project Presentations
Compétence à acquérir :
By the end of the course, students will be able to empirically investigate research questions pertaining to banking. This includes collecting data, designing an empirical strategy, analyzing data with an econometric software (the course will focus on Stata), and organizing the results in both a paper and slides.
Mode de contrôle des connaissances :
The final grade is based on an empirical project, including its presentation in class.
Bibliographie, lectures recommandées :
Lecture notes are the main course material. In addition, these references are recommended for this course:
- Degryse, Hans, Moshe Kim, and Steven Ongena, Microeconometrics of Banking: Methods, Applications, and Results. Oxford University Press, 2009.
- Roberts, Michael, and Toni Whited, Endogeneity in Empirical Corporate Finance, 2013.
- Angrist, Joshua D, and Jörn-Steffen Pischke, Mostly harmless econometrics: An empiricist's companion, Princeton University Press, 2009.
- Saunders, Anthony, Marcia Millon Cornett, and Otgo Erhemjamts, Financial institutions management: A risk management approach. McGraw-Hill, 2021.