FNCE 4406

​(3 credits) 3 hours lecture The effective operation and governance of financial markets and intermediaries plays an important role in the efficient functioning of a market economy. By providing a conceptual framework, this course critically examines how financial institutions and markets facilitate the transfer of resources from savers to borrowers, and why prudent governance capabilities need to be in place so that financial markets and institutions can effectively carry out their intended functions. Topics include an examination of risk, credit markets, interest rates, investor monitoring and market micro structure, commercial banking operations and management, securitization and financial system governance.