Кто читает:: Кафедра банковского дела (Нижний Новгород) (Факультет экономики НИУ ВШЭ (Нижний Новгород))

Статус:: Курс по выбору

Когда читается:: 1-й курс, 4 модуль

Преподаватель

Варнашина Алина Александровна

Full Syllabus Ask Question

Abstract

During the course, students will gain skills in evaluating the effectiveness of the financial sector, including analytics of the banking system, insurance sector, securities market, and microfinance organizations. They will get acquainted with the business models of banks, gain decision-making skills for managing a bank based on its business model, analysis of assets, liabilities, and capital. During the course, students will be able to compile and analyze the profitability and risk of a portfolio of financial instruments. The features of the course are: the use of up-to-date databases of the Bank of Russia and leading statistical centers. The implementation of the course uses a case study based on data from real financial sector reporting and macroeconomic reporting.

Learning Objectives

Analysis of different types of financial markets and instruments, with an explanation of their functions within the broader economic context
Assessment of various investment strategies related to stocks, bonds, and derivatives, with application of portfolio management principles to optimize returns and minimize risks
Examination of the functions and types of financial institutions, including banks and insurance companies, and their impact on financial markets and economic stability
Identification and utilization of key risk management techniques, including hedging and diversification, to protect investments from financial catastrophes
Understanding of the regulatory environment governing financial markets and institutions, with analysis of its effect on market practices and investor protection

Expected Learning Outcomes

Анализирует и оценивает динамику институциональных и финансовых показателей банковской системы. Формирует аналитические материалы о состоянии банковской системы.
Анализирует и оценивает структуру и динамику кредитного портфеля; рассчитывает резерв на возможные потери по ссудам, определяет лимиты кредитования. Формирует аналитические материалы о состоянии кредитного сектора российской банковской системы.
Анализирует и оценивает структуру и динамику портфеля ценных бумаг. Рассчитывает доходность и рискованность портфеля, обосновывает выводы о поддержании необходимого уровня ликвидности.
Анализирует и оценивает структуру и динамику привлеченных средств, стоимости фондирования. Анализирует текущее состояние межбанковского рынка кредитования. Проводит оценку системы страхования вкладов.
Анализирует и оценивает структуру и динамику собственных средств банка, анализирует достаточность капитала банка, формулирует выводы о состоянии капитала банка и путях докапитализации.
Анализирует структуру прибыли банка, формулирует выводы о вкладе элементов доходов и расходов в формирование финансового результата.
Оценивает и сравнивает различные подходы к оценке кредитоспособности. Разрабатывает методику оценки кредитоспособности заёмщика – юридического лица, проводит апробацию представленной методики.
Формулирует основные критерии оценки активов банка. Анализирует и оценивает структуру и динамику активов, сравнивает показатели рискованности. Сравнивает методики оценки качества банковских активов.
Identify and describe various financial markets and instruments
Evaluate investment options and apply modern portfolio theory
Analyze characteristics and valuation of debt instruments
Understand different types of derivatives and their financial applications
Develop and implement options trading strategies for risk management
Analyze trading commodities and assess the impact of geopolitical factors on prices
Understand main types of financial institutions and their roles in the economy
Describe various banking functions and their influence on economic growth
Assess the role of insurance companies in promoting financial stability
Apply risk management concepts and analyze lessons learned from financial disasters

Course Contents

Overview of Financial Markets and Financial Instruments
Stock Market and Portfolio Investment
Debt Financial Instruments
Derivatives: Futures, Forwards and Swaps
Options Strategies and Hedging
Commodity Trading: Specific Instruments and Resource Wars
Overview of Financial Institutions. Regulations
The Role of Banks in the Economy: Types and Functions
Insurance Companies and Their Impact on Financial Markets
Basics of Risk Management and Financial Catastrophes

Assessment Elements

Practical Financial Market Research
Students are required to conduct an independent case study of the financial market. Form an optimal portfolio from the point of view of a rational investor, as well as develop a system of hedging potential risks of the formed portfolio.
Final Exam

Interim Assessment

2024/2025 4th module
0.4 * Final Exam + 0.6 * Practical Financial Market Research

Bibliography

Recommended Core Bibliography

Bernd Engelmann, & Ha Pham. (2020). Measuring the Performance of Bank Loans under Basel II/III and IFRS 9/CECL. Risks, 8(93), 93. https://doi.org/10.3390/risks8030093
Bessis, J. (2015). Risk Management in Banking (Vol. Fourth edition). New York: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=987909
Elton, E. J. (2014). Modern Portfolio Theory and Investment Analysis (Vol. Ninth edition). Hoboken, NJ: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1639379
Mishkin, F. S., & Eakins, S. (2016). Financial Markets and Institutions, Global Edition (Vol. Eighth edition, Global edition). Harlow: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1419018

Authors

VARNASHINA ALINA ALEKSANDROVNA

Магистерская программа «Финансы»

Financial Markets and Institutions