DRE 4020 Money, Central banks, and Financial markets

DRE 4020 Money, Central banks, and Financial markets

Kurskode: 
DRE 4020
Institutt: 
Finans
Studiepoeng: 
6
Program of study: 
Doktorgradsstudium
Kursansvarlig: 
Samuli Knüpfer
Produktkategori: 
PhD
Portefølje: 
PhD Finance courses
Semester: 
2020 Vår
Aktiv status: 
Aktivt
Undervisningsspråk: 
Engelsk
Kurstype: 
Ett semester
Introduksjon

There is growing recognition that central banks play an important role in financial markets and the financial system, not only in terms of setting short term interest rates, but also derived from the role of central bank money (liquidity). The overall objective of this course is to enhance students’ understanding of this emerging topic and to stimulate to research. To that end, we will study papers that shed light on the role of money in the financial system, the functioning of the market for liquidity, how it interacts with the broader financial markets, and the impact of central bank policies, including collateral policy. Class sessions will focus on selected empirical and theoretical papers and also introduce relevant institutional material. The course is suited for students that have completed basic PhD level core courses in finance or economics and have an interest in conducting research in the topics of the course or related areas. Assessment is in the form of a research proposal and class presentations.

Kunnskapsmål

Insights into the architecture of money and why it may matter. How the market for liquidity differs from securities markets and how these markets are linked.  The role of central banks in financial markets and the financial system beyond the targeting of short term rates.

Ferdighetsmål

To advance students’ skill set with respect to assessing and presenting research papers.

Generell kompetanse

After taking the course, students should be able to constructively reflect on the value of alternative assumptions in models of the market for liquidity and the broader financial market and to be able to design and interpret related econometric tests in a meaningful way.

Kursets innhold

The course is topic oriented. The objective is to deepen understanding by studying theoretical, empirical, and institutional texts that relate to the general topic of the course: money, central banks, and financial markets.

Undervisnings- og læringsaktiviteter

Series of interactive lectures culminating in student presentations.

Dataverktøy
Det benyttes ingen spesielle dataverktøy i kurset.
Kvalifikasjoner

Enrollment in a PhD programme is a general requirement for participation in PhD courses at BI Norwegian Business School.
External candidates are kindly asked to attach confirmation of enrollment in a PhD programme when signing up for a course. Other candidates may be allowed to sit in on courses by approval of the course leader. Sitting in on a course does not permit registration for the course, handing in exams or gaining credits for the course. Course certificates or confirmation letters will not be issued for sitting in on courses.

EksamenskategoriVektingTilsynVarighetGrupperingKommentar eksamen
Eksamenskategori:
Aktivitet
Vurderingsform:
Muntlig eksamen
Eksamenskode:
DRE 40201
Karakterskala:
Bestått/ikke bestått
Sensorordning:
Intern og ekstern sensor
Kontinuasjon:
Eksamen ved neste kursgjennomføring
50Nei -Individuell
Eksamenskategori:
Innlevering
Vurderingsform:
Skriftlig innlevering
Eksamenskode:
DRE 40202
Karakterskala:
Bestått/ikke bestått
Sensorordning:
Intern og ekstern sensor
Kontinuasjon:
Eksamen ved neste kursgjennomføring
50Nei1 SemesterIndividuell
Eksamen:
Eksamenskategori:Aktivitet
Vurderingsform:Muntlig eksamen
Vekting:50
Tilsyn:Nei
Gruppering (størrelse):Individuell
Varighet: -
Kommentar:
Eksamenskode:DRE 40201
Karakterskala:Bestått/ikke bestått
Kontinuasjon:Eksamen ved neste kursgjennomføring
Eksamenskategori:Innlevering
Vurderingsform:Skriftlig innlevering
Vekting:50
Tilsyn:Nei
Gruppering (størrelse):Individuell
Varighet:1 Semester
Kommentar:
Eksamenskode:DRE 40202
Karakterskala:Bestått/ikke bestått
Kontinuasjon:Eksamen ved neste kursgjennomføring
Eksamenstype: 
Ordinær eksamen
Total vekting: 
100
Forventet arbeidsinnsats
AktivitetVarighetKommentar
Undervisning på Campus
30 Time(r)
Studentenes eget arbeid med læringsressurser
80 Time(r)
Self study, specified learning activities (including reading)
Gruppearbeid / oppgaver
50 Time(r)
Assignments, specified learning activities (including reading)
Sum arbeidsinnsats: 
160

Et kurs med 1 studiepoeng tilsvarer en arbeidsmengde på 26-30 timer. Et kurs på 6 studiepoeng tilsvarer derfor en arbeidsmengde på minimum 160 timer