Bankar og peningar

Háskóli Íslands -Hagfrćđideild - Haustmisseri 2009

drög ađ leslista

Kennari: Ásgeir Jónsson  (ajonsson@hi.is)

 

 

 

Kennslubćkur námskeiđsins eru tvćr;  The Economics of Banking eftir ţá Kent Matthews og John Thompson (M&T) og Why Iceland eftir Ásgeir Jónsson. (ÁJ) Auk ţess verđur fariđ yfir ýmsar ađrar greinar samhliđa bókinni. Til frekari fróđleiks er nemendum bent á heildaryfirlit yfir greinar um bankamál samkvćmt X. Freixas

 

Verkefni 1 - sjá nánar

Verkefni 2 - sjá nánar

Gömul próf

Lokapróf 2004
Lokapróf 2005
Lokapróf 2006
Lokapróf 2007
Lokapróf 2008

 

Vika 1. Um hvađ snýst bankastarfsemi?

 

Skyldulesefni:

Kafli 1 í M&T

Kaflli 2 í ÁJ

 

Glósur

Glósur - Um framţróun íslenska bankakerfisins

 

Aukalesefni 

Originative sin: the future of banking

Ásgeir Jónsson Um framţróun íslenska bankakerfisins Jólablađ Vísbendingar, 2004

Simon Kwan. "Financial Modernization and Banking Theories", FRBSF ECONOMIC LETTER, December 2001.

Jónas Haralz Hefđir og umbreyting – Landsbanki Íslands 1969–1988

 

Vikur 2-3. Fjármálaleg milliganga og lausafjártrygging

 

Skyldulesefni:

Kaflar 3-5 í M&T

Kafli 3 í ÁJ

Douglas W. Diamond; Philip H. Dybvig Banking Theory, Deposit Insurance, and Bank Regulation The Journal of Business, Vol. 59, No. 1. (Jan., 1986), pp. 55-68.

Katrina Lamb The Rise Of The Modern Investment Bank

Valentine V. Craig Merchant Banking: Past and Present FDIC Banking Review

 

Glósur

Glósur - Hvađ gera bankarnir?
Glósur - tegundir bankastarfsemi
Blađaumfjöllun í kjölfar gjaldţrots Lehmans

 

Aukalesefni 

George J. Benston Universal Banking The Journal of Economic Perspectives > Vol. 8, No. 3 (Summer, 1994), pp. 121-143

Marc R. Saidenberg and Philip E. Strahan Are Banks Still Important for Financing Large Businesses? Current Issues in Economics and Finance. Federal Reserve Bank of New York,1999

Indie I-Banks: Dieing Dinosaurs or Burgeoning Behemoths? Credit Sights, 18 Sep 2008

Douglas W. Diamond Financial Intermediation as Delegated Monitoring: A Simple Example

Anil K. Kashyap; Raghuram Rajan; Jeremy C. Stein Banks as Liquidity Providers: An Explanation for the Coexistence of Lending and Deposit-Taking  The Journal of Finance > Vol. 57, No. 1 (Feb., 2002), pp. 33-73

 

 

Vika 4: Rekstrarhagfrćđi fjármálastofnana og vaxtamyndun

Skyldulesefni

Kaflar 2, 6 og 8 í M&T

William Poole Understanding the Term Structure of Interest Rates, Federal Reserve Bank of St. Louis, júní 2005

Deutsche Bundesbank Real interest rates: movements and determinants. Monthly Report July 2001.

 

Glósur

Glósur - fjármagnsskömmtun

Glósur - ákvörđun raunvaxta í lokuđu hagkerfi

Glósur -vaxtaróf og raunvaxtastig

 

Aukalesefni 

Doris Neuberger Industrial organization of banking: A review . International Journal of the Economics of Business. Abingdon: Feb 1998.Vol.5, Iss. 1; pg. 97, 22 pgs  

Douglas W. Diamond; Philip H. Dybvig Bank Runs, Deposit Insurance, and Liquidity  The Journal of Political Economy > Vol. 91, No. 3 (Jun., 1983), pp. 401-419

 

 

Vikur 4-5 : Miđlunarferli og peningamagn og skuldavafningar

Skyldulesefni

Kafli  9 í M&T

Frederic S. Mishkin. "The Transmission Mechanism and the Role of Asset Prices in Monetary Policy," in Aspects of the Transmission Mechanism of Monetary Policy, Focus on Austria 3-4/2001. (Osterreichische Nationalbank: Vienna 2001): 58-71. (view PDF)

Glósur

 Glósur- miđlunarferliđ

Glósur - Hvađa máli skiptir M?

Glósur - Skuldavafningar

Glósur - Skuldavafningar Kaupţings

 

Aukalesefni

 Ţórarinn G. Pétursson. Miđlunarferli peningastefnunnar.  Peningamál Seđlabanka Íslands. Nóvember 2001
h
ttp://www.sedlabanki.is/uploads/files/pm014_7.pdf

CitiFX Liquidity & Credit Crisis Monitor

Marvin Gooodfriend Using the Term Structure of Interest Rates for Monetary Policy  Richmond Federal Reserve Bank Economic Quarterly

Christian Upper and Andreas Worms. Real long-term interest rates and monetary a cross-country perspective, BIS paper no. 19, (2003)

Christopher Bliss. The real rate of interest: A theoretical analysis. Oxford review of Economic Policy, summer 1999.

Mervyn King, No money, no inflation—the role of money in the economy The Bank of England Quarterly Bulletin, summer 2002

Ásgeir Jónsson  Bankar, peningar og verđbólga sérrit KB banka (2004)

 

 

Vika 6. Fjármálakrísur, seljanleiki og lánveitingar til ţrautavara

 

Skyldulesefni

Kafli 4-5 í ÁJ

A Black Wednesday on Credit Markets; 'Heaven Help Us All' Wall Street Journal, SEPTEMBER 20, 2008

 

CURZIO GIANNINI Enemy of None but a Common Friend of All? An International Perspective on the Lender-of-Last-Resort Function IMF Working Paper No. 99/10 January 1999
(Athugiđ ađ ţađ nćgir ađ lesa 12 fyrstu síđurnar um domestic lender of last resort)

Matt King  Understanding the CP Crunch Citigroup Fixed Income Quantitative Research 16 August 2007

 

Glósur

Glósur - Lánveitingar til ţrautarvara

Bankar og bakađar baunir

 

Aukalesefni 

Eschatological. Time to go long. Merril Lynch High Grade Credit | Europe | Banks 12 March 2008

Allen, Mark, Rosenberg, Christoph B.,  Keller, Christian, Setser, Brad og Roubini, Nouriel. (2002) "A Balance Sheet Approach to Financial Crisis" IMF Working Paper No. 02/210 
(ATH.Nćgir ađ lesa fyrstu 20 síđurnar)

Frederic S. Mishkin  Ţýđing fjármálastöđugleika fyrir efnahagslífiđ

Kaminsky, G. L og Reinhart, C. M. (1999) " The Twin Crisis: the Causes of Banking and Balance-of-Payments Problems"  American Economic Review Vol. 89 473-500.

 

 

Vika 7: Reglun á fjármálamarkađi

Skyldulesefni - kafli 11 M&T

Harald Benink, Jón Daníelsson og Ásgeir Jónsson "On the Role of Regulatory Banking Capital" Financial Markets, Institutions & Instruments,  February 2008 - Vol. 17 Issue 1 Page 1-136

 

Glósur

Glósur - Basel II og lítil opin hagkerfi

Glósur - regluverk bankakerfisins

Glósur - eiginfé banka og rekstraráhćtta

 

Aukalesefni

30 Group of Thirty Financial Reform A Framework for Financial Stability

Jon Danielsson og Hyun Song Shin (2002) Endogenous Risk 

Jón Daníelsson og Ásgeir Jónsson  Gengisvarnir á eiginfé banka og fjármálalegur stöđugleiki Fjármálatíđindi 53. árgangur fyrra hefti 2006, bls. 22-33

Skander J. Van den Heuvel Does Bank Capital Matter for Monetary Transmission?

R. Glenn Hubbard "Is There a 'Credit Channel' for Monetary Policy?  Federal Reserve Bank of St. Louis Review 1995

 

  

Vikur 9-12: Markmiđ og akkeri peningamálastefnunar

Skyldulesefni

Carl E. Walsh "Monetary Theory and Policy)

Kafli 8 - discretionary policy and inflationary bias

Kafli 9 - Monetary Policy operating procedures

Verđbólgumarkmiđ og fastgengi

Frederic S. Mishkin, "Inflation Targeting," in Howard Vane and Brian Snowdon,
Encyclopedia of Macroeconomics (Edward Elgar: Cheltenham U.K., 2002): 361-65.
(view PDF)

Paul van den Noord Economics (2004) " Euro: the experience to date" Opinber fyrirlestur viđ Háskóla Íslands september 2004 fyrir hönd The economics department OECD.

 

Glósur

Glósur - hagstjórnarađgerđir og hagstjórnarreglur.

Glósur - verkfćri og markmiđ Seđlabanka

Glósur - Verđbólgumarkmiđ

Glósur - Vaxtareglur

Glósur - gjaldeyrisinngrip

 

Aukalesefni

Kafli 10 - Interest rate rules

Governor Frederic S. Mishkin  Monetary Policy Flexibility, Risk Management, and Financial Disruptions Speech at the Federal Reserve Bank of New York, New York January 11, 2008

R.W. Hafer and David C. Wheelock The Rise and Fall of a Policy Rule: Monetarism at the St. Louis Fed, 1968-1986

Um gengisspár međ óvörđu vaxtajafnvćgi

Frederic S. Mishkin, "What Should Central Banks Do?" Federal Reserve Bank of St. Louis Review, vol. 82, #6 (November/December 2000): 1-13. (view PDF)

Ţórarinn G. Pétursson Útfćrsla verđbólgumarkmiđsstefnu víđa um heim Peningamál Seđlabanka Íslands 2004/1
(Glósur - Ţórarinn G. Pétursson - Peningastefna međ verđbólgumarkmiđi)

Michael Woodford "Inflation Targeting and Optimal Monetary Policy," October 2003. [Presented at the Annual Policy Conference, Federal Reserve Bank of St. Louis, Oct. 16-17, 2003.] Ţađ nćgir ađ lesa fyrst 15 síđurnar

Michael Woodford og Lars E.O. Svensson "Implementing Optimal Policy through Inflation-Forecast Targeting," with , November 1999, revised April 2003. [To appear in: B.S. Bernanke and M. Woodford, eds., Inflation Targeting, University of Chicago Press.]

William Poole "Monetary Policy Rules"  The Federal Reserve Bank of St. Louis Review 1999

Ţórarinn G. Pétursson Nýjar áherslur í starfsemi seđlabanka: aukiđ sjálfstćđi, gagnsći og reikningsskil gerđa Peningamál, nóvember 2000

Lucio Sarno; Mark P. Taylor "Official Intervention in the Foreign Exchange Market: Is It Effective and, If so, How Does It Work?" Journal of Economic Literature, Vol. 39, No. 3. (Sep., 2001), pp. 839-868.

Mark P. Taylor "The Economics of Exchange Rates"  Journal of Economic Literature, Vol. 33, No. 1. (Mar., 1995), pp. 13-47.

Ásgeir Jónsson, Snorri Jakobsson og Steingrímur A. Finnsson. Sérefni um gengi krónunnar. KB banki desember 2004.

Stephen G. Cecchetti "Distinguishing Theories of the Monetary Transmission Mechanism"
The Federal Reserve Bank of St. Louis Review 1995