Money and Capital Markets

General

• Code: 554
• Semester: 5th
• Study Level: Undergraduate
• Course type: Specialization
• Teaching and exams language: Greek
• Teaching Methods (Hours/Week): Lectures and Practice work (3)
• ECTS Units: 6
• Course homepage: https://elearning.cm.ihu.gr/course/view.php?id=771
• Instructors: Diakomihalis Mihail

Course Contents

1. Introductory concepts, types of financial markets,
2. The concept of mediations, capital markets and economic development.
3. The economic theory of the regulation of Money and Capital Markets.
4. Banks and Financial intermediation.
5. Information asymmetry
6. Structures of financial institutions.
7. Models of banking conduct, Basel committee I, II, III,
8. Value at Risk (VaR).
9. Perfect and efficient purchases.
10. Equivalencies in the Foreign Exchange Market.
11. Time structure of interest rates and theories.
12. Central Banks and monetary policy.
13. Course revision.

Educational Goals

The course is an introductory course in the workings of money and capital markets. The purpose of the course is to present the key characteristics of money and capital markets, with references to the financial and financial system, their differentiated but complementary role in economic development, the theory of regulation of financial markets and the existing systems, in the foreign exchange market and their use in the financing of transnational enterprises. Risks inherent in the products of these markets, their pricing and returns will be analysed, from the point of view of the operation of the modern financial system.

Upon successful completion of the course, the student will be able to:

• Understand the way money and capital markets are structured and function.
• To understand the regulatory framework of money and capital markets as well as its connection with the corresponding banking system.
• Understand the risks inherent in money and capital markets products.
• Understand the contribution of money and capital markets to the economic development of a country.
• Understand monetary policy and central banking decisions.
• Calculate equivalence conditions, devaluation/appreciation of exchange rates and the effect on international markets and investments.
• Assess the risk of the markets and the banking system.
• Analyze how the model of chronic consumption affects investments in transnational companies.
• Evaluate monetary policy decisions.

General Skills

• Independent work.
• Team work.
• Decision making.
• Production of free, creative and inductive thinking.

Teaching Methods

• In the classroom, face to face.

Use of ICT means

• Basic software (windows, word, power point, the web, etc.).
• Support of learning process through the electronic platform / e-class.

Teaching Organization

Students Evaluation

Written final exams (60%) that may include:

• Judgemental questions.
• Short answer questions.
• Application exercises.
• True/False and multiple choice questions.
• Composite theoratical questions.

In each question, corresponding evaluation points are specified.
Optional assignment (Essay writing and presentation) corresponds to 40% of the final grade.

Recommended Bibliography

1. Συριόπουλος, Κ., Παπαδάμου, Σ. (2014). «Εισαγωγή στην Τραπεζική Οικονομική και τις Κεφαλαιαγορές» Εκδόσεις Utopia.
2. Συριόπουλος, Κ. (1999). «Διεθνείς Κεφαλαιαγορές, Τόμος Α.» Εκδόσεις Ανίκουλα.
3. Θωμαδάκης Σ., Ξανθάκης, Μ. (2006). «Αγορές Χρήματος και Κεφαλαίου» Εκδόσεις Σταμούλη.

Related Research Journals

1. Journal of Finance.
2. Multinational Finance Journal.