The recent financial crisis led to dramatic changes of the modern financial environment as well as the globalization and the increase of competition had a direct effect on the framework within which banks and financial institutions operate. These developments of the financial system and the financial markets provide new opportunities for growth and positive economic results, whereas at the same time they create new challenges which require the design of new tools to appropriately analyze and face them. The aim of this course is to present the basic principles of financial intermediation, the risks which are related with it, the tools and the regulation framework to manage them. In addition, during the course we present the main definitions and roles of money and the creation of secondary money by the banking system. The demand for and supply of money are analyzed as well as the conventional and unconventional tools of monetary policies giving emphasis to the monetary policy of ECB. The target of the course is to provide the students with the suitable specialized financial and banking knowledge and skills in order to be able to analyse the challenges of the modern globalized banking industry, to manage the financial risks and to understand the legal and regulatory framework within financial institutions operate. Moreover, the purpose of the present course it to provide an integrated knowledge of the structure, organization and the idiosyncrasies of the different types of financial institution. Particular emphasis will be given to the description and the measurement of the alternative risks that the modern savings institutions face such as the credit and interest risks. The course also provides the major methods applied to manage and hedge against these risks. Finally, substantial part of the course will be devoted on the study and the importance of banking regulation for the efficient operation of financial institutions.

eclass: https://eclass.uop.gr/courses/1080/