金融論特殊講義

前期 水曜日 ４講時 経済学部第２１演習室. 単位数/Credit(s): 2. 担当教員/Instructor: KOJI ASANO. 対象学年/Eligible Participants: 3・4. 履修年度: 2024. 科目ナンバリング/Course Numbering: EAL-ECO371E. 使用言語/Language Used in Course: English.

科目名/Subject

Money and Banking(Special Lectures)

担当教員

浅野　康司

授業の目的と概要/Object and summary of class

This course is designed to introduce students to theories of corporate finance, financial intermediation, and financial markets, with an emphasis on the impact of financial frictions on macroeconomic outcomes.

学習の到達目標/Goal of study

Students will understand a theoretical treatment of major topics in corporate finance, financial intermediation, and financial markets.

授業内容・方法と進度予定/Contents and progress schedule of the class

This is an outline of the topics I will cover in the course.

1 Course introduction
2 Borrowing constraints and the net worth channel
3 Financial accelerator
4 Capital structure: Incentives and information
5 Financial contracting
6 Financial intermediation and the credit crunch
7 Corporate liquidity management, aggregate liquidity shortages, and liquidity premium
8 Consumer liquidity demand, maturity mismatch, and bank runs
9 The information view of debt and financial crises
10 Fire sales, deleveraging, and the asset market feedback
11 Endogenous margins and the leverage cycle
12 Bubbles
13 Monetary policy and aggregate demand channel
14 Liquidity traps
15 Course summary

Information on the course will be provided via Google Classroom: the class code is lvn5g73.

成績評価方法/Evaluation method

Take-home exam

教科書および参考書/Textbook and references

• The Theory of Corporate Finance, Tirole, J., Princeton University Press (2006)
• Microeconomics of Banking, Freixas, X. and Rochet, J.-C., The MIT Press (2008)
• Contract Theory, Bolton, P. and Dewatripont, M., The MIT Press (2005)

授業時間外学習/Preparation and Review

Students are expected to read in advance the paper we are going to discuss in class.

その他/In addition

Prerequisites: Intermediate Microeconomics and Intermediate Macroeconomics