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課程名稱 |
金融機構與市場
Financial Institutions and Markets |
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開課學期 |
108-1 |
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授課對象 |
管理學院 財務金融學研究所 |
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授課教師 |
胡星陽 |
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課號 |
Fin7030 |
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課程識別碼 |
723 M5200 |
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班次 |
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學分 |
3.0 |
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全/半年 |
半年 |
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必/選修 |
選修 |
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上課時間 |
星期一2,3,4(9:10~12:10) |
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上課地點 |
管一102 |
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備註 |
本課程中文授課,使用英文教科書。財金組3選2、財工組3選1、風管組5選1。
限碩士班以上 且 限本系所學生(含輔系、雙修生)
總人數上限：60人 |
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Ceiba 課程網頁 |
http://ceiba.ntu.edu.tw/1081Fin7030_FIM |
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課程簡介影片 |
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核心能力關聯 |
核心能力與課程規劃關聯圖 |
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課程大綱
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為確保您我的權利,請尊重智慧財產權及不得非法影印
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課程概述 |
這門課包含兩個部分，第一部分是介紹分析金融機構與市場的架構，金融機構和市場是用來處理資金融通和解決其中所產生的問題，透過分析這些問題，探討金融機構如何處理這些問題，我們能比較理解金融機構和市場的前世今生和未來。
第二部分是由同學分組來針對某類型的金融機構做深入的探討，金融機構有多種類型，同學對不同的類型各有偏好，透過分組一方面可以更深入的了解自己有興趣的部分，經由課堂報告也可以吸收別組的成果。 |
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課程目標 |
1. 學習如何分析金融機構與市場
2. 學習如何深入的探討特定類型的金融機構
3. 了解目前金融機構的現況與走向 |
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課程要求 |
課程分數取決於課堂參與(15%)、兩個個案(20%)、兩次報告(30%)和一次考試(35%)。課堂參與包含分組報告時對別組報告的提問和建議。個案和報告以組為單位，每組最多五人。個案會提供討論材料和問題，請針對問題提供書面答案，正文以A4紙10頁為限。 |
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預期每週課後學習時數 |
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Office Hours |
另約時間 |
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指定閱讀 |
World Economic Forum (2015). The Future of Financial Services: How disruptive innovations are reshaping the way financial services are structured, provisioned and consumed. http://www3.weforum.org/docs/WEF_The_future__of_financial_services.pdf |
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參考書目 |
參考資料
教科書
Saunders, A., & M. M. Cornett, 2015, Financial Markets and Institutions: A
Modern Perspective, 6th ed., McGraw-Hill Publishing Co. (置於總圖書館一樓「指參
專
區」)
Handbook
Handbook of Financial Intermediation and Banking [圖書館有電子版] / edited by
A.
V. Thakor, A. W. A. Boot, North-Holland/Elsevier, c2008
Handbook of Key Global Financial Markets, Institutions and Infrastructure [圖
書
館有電子版] / edited by G. Caprio, D. W. Arner, T. Beck, C. W. Calomiris, L.
Neal, and N. Veron, Elsevier, 2013.
International Finance: A Survey [圖書館有電子版] / edited by H. K. Baker and L.
A. Riddick, Oxford University Press, 2012
The Oxford Handbook of Banking / edited by A. N. Berger, P. Molyneux, and J.
O.
S. Wilson, Oxford University Press, 2015 (置於總圖書館一樓「指參專區」)
特定議題
Crane, D.B., K.A. Froot, S.P. Mason, A. Perold, R.C. Merton, Z. Bodie, E.R.
Sirri, and P. Tufano, 1995, The Global Financial System: A Functional
Perspective, Harvard Business School Press. (置於總圖書館一樓「指參專區」)
Morrison, A. D., and W. J. Wilhelm Jr, 2007, Investment Banking: Institutions,
Politics, and Law [圖書館有電子版], Oxford University Press.
學術文章
Google Scholar: 被引用次數
Annual Review of Financial Economics: Survey articles
Journal of Finance, Journal of Financial Economics, Review of Financial
Studies, Journal of Financial and Quantitative Analysis, Journal of Financial
Intermediation
公司產業資料
金融機構年報、公開說明書、Annual report to shareholders, Form 10-K (EDGAR
Company Filings)
產業分析 (圖書館電子資料庫、CB Insight, McKinsey, Deloitte, …)
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評量方式
(僅供參考) |
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No. |
項目 |
百分比 |
說明 |
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1. |
一次考試 |
35% |
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2. |
兩次報告 |
30% |
報告包含口頭和書面，選定一個類型的金融機構做為整學期報告的探討對象。報告分成兩次：
第一次報告在Fintech文章中選擇一篇報告。
第二次報告從下列問題中選擇2-3個來回答：
1. Who are the largest ones in the world and in Taiwan?
2. What do they do? How do they do it?
3. What functions (services) do they provide?
4. What are their current focus?
5. What are the changes observed in the past few years?
6. What kind of fintch firms arise in the market?
7. What are the challenges or what can be changed in the next few years? |
3. |
兩次個案 |
20% |
個案和報告以組為單位，每組最多四人。個案會提供討論材料和問題，請針對問題提供書面答案，正文以A4紙10頁為限。 |
4. |
課堂參與 |
15% |
課堂參與包含分組報告時對別組報告的提問和建議。 |
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週次 |
日期 |
單元主題 |
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第1週 |
9/9 |
Introduction
World Economic Forum, 2015, The Future of Financial Services: How disruptive innovations are reshaping the way financial services are structured, provisioned and consumed.
He, M. D., Leckow, M. R. B., Haksar, M. V., Griffoli, M. T. M., Jenkinson, N., Kashima, M. M., ... & Tourpe, H., 2017, Fintech and financial services: initial considerations. International Monetary Fund.
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第2週 |
9/16 |
Importance of finance
Greenwood, R. and D. Scharfstein, 2013, The growth of finance, Journal of Economic Perspectives, 27(2), pp.3-28.
* Levine, R., 2005, Finance and growth: theory and evidence, in Handbook of economic growth, Volume 1A. Edited by P. Aghion and S. N. Durlauf, North Holland pp.865-934. |
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第3週 |
9/23 |
Functional perspectiveCrane, D.B., K.A. Froot, S.P. Mason, A. Perold, R.C. Merton, Z. Bodie, E.R.Sirri, and P. Tufano, 1995, The Global Financial System: A Functional Perspective, Harvard Business School Press. (置於總圖書館一樓「指參專區」) |
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第4週 |
9/30 |
颱風放假 |
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第5週 |
10/7 |
Group Project 1 Presentation on Fintech (20 min, 6-7 groups) |
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第6週 |
10/14 |
Group Project 1 Presentation on Fintech (20 min, 6-7 groups) |
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第7週 |
10/21 |
NO CLASS |
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第8週 |
10/28 |
Investment banking
* Morrison, A. D. and W. J. Wilhelm Jr, 2007, Investment banking: Past, present, and future, Journal of Applied Corporate Finance, 19(1), 42-54.
Morrison, A. D., A. Thegeya, C. Schenone, and W. J. Wilhelm, 2017, Investment-Banking Relationships: 1933-2007, working paper.
Behavioral bias and institutions designed to deal with it
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第9週 |
11/4 |
Exam |
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第10週 |
11/11 |
Behavioral bias and institutions designed to deal with it
Coval, J. D., and A. V. Thakor, 2005, Financial intermediation as a beliefs-bridge between optimists and pessimists. Journal of Financial Economics, 75(3), 535-569.
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第11週 |
11/18 |
CASE 1
Risk Management at Wellfleet Bank: Deciding about "Megadeals"
*Li, X., Subrahmanyam, A., & Yang, X. (2018). Can financial innovation succeed by catering to behavioral preferences? Evidence from a callable options market. Journal of Financial Economics, 128(1), 38-65.
Célérier, C., & Vallée, B. (2017). Catering to investors through security design: Headline rate and complexity. The Quarterly Journal of Economics, 132(3), 1469-1508. |
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第12週 |
11/25 |
Conflict of Interest
*Mehran, H., & R. M. Stulz, 2007, The economics of conflicts of interest in financial institutions, Journal of Financial Economics, 85(2), 267-296.
Ferreira, M.A., Matos, P. and Pires, P., 2018. Asset management within commercial banking groups: International evidence, Journal of Finance 73(5), 2181-2227. |
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第13週 |
12/2 |
演講：季偉平（建高控股資深顧問、前法國巴黎銀行投資銀行部總監）‘投行盡職調查及商業銀行授信實務’ 10:30開始 |
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第14週 |
12/9 |
CASE 2
Deutsche Bank: Structured Retail Products
演講：賈景光（中國信託金控技術長）‘中國信託數位轉型’ 45 分鐘分享從10:30開始+15分鐘Q&A預計 11:30結束 |
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第15週 |
12/16 |
演講：邱明強（復華投信投資長）10:00開始 |
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第16週 |
12/23 |
Group Project 2 Presentation (20 min, 6-7 groups) |
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第17週 |
12/30 |
Group Project 2 Presentation (20 min, 6-7 groups) |
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