PhD-level Mini-course: Banking Theory - Anjan Thakor (Washington University in St. Louis)
Title: Banking Theory
Lecturer: Anjan Thakor (John E. Simon Professor of Finance, Olin School of Business, Washington University in St. Louis)
These lectures are intended to first cover two main and connected topics: what economic functions financial intermediaries serve, especially in the context of how they create liquidity and consequently risk; and how these lead to financial crises, with a discussion of the role of bank capital. Our focus will be on the foundational theories on these topics, but we will spend time on discussing the empirical evidence on the theories and what interesting future empirical tests can be conducted. We will then cover two other topics: bank culture and Fintech.
Syllabus: download (pdf)
11 November: 10 a.m. - 1 p.m. (3 hours) - room HoF E.21
12 November: 10 a.m. - 1 p.m. (3 hours) - room HoF E.21
13 November: 9 a.m. - 12 p.m. (3 hours) - room HoF E.21
A. What Do Financial Intermediaries Do?
(2) Jacklin, C., “Demand Deposits, Trading Restrictions and Risk Sharing”, in E. Prescott and N. Wallace (eds.) Contractual Arrangements for Intertemporal Trade, Chapter 11, pp. 26–47, University of Minnesota Press.
B. Bank Capital Culture and Financial Stability: Theory and Evidence
C. Fintech and Banking
D. Bank Culture
Registration is required!