Bankar og peningar HAG503G


Háskóli Íslands -Hagfrćđideild - Haustmisseri 2013

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Kennari: Ásgeir Jónsson  (ajonsson@hi.is)

Dćmakennari:

 

Kennsla í fjármálamörkuđum fer fram í Ađalbyggingu stofu 052 í Odda frá klukkan 13:20 til 16:30 á mánudögum. Námsmat fer fram međ ţeim hćtti ađ lokapróf gildir 70% af einkunn en verkefnavinna gildir 30% en um er ađ rćđa ţrjú skilaverkefni sem hvert hefur 10% vćgi. Mćting í tíma er frjáls en góđ mćting getur skila 5% bónus í einkunn.

Verkefnin eru hópverkefni sem nemendum er ćtlađ ađ vinna 2-3 í hóp. Nemendum er frjálst ađ mynda hópa en kennari veitir hjálp viđ hópamyndun ef ţörf krefur.

 

Kennslubćkur námskeiđsins eru nokkrar en sumar hverjar eru ţó ađeins notađar ađ hluta.

Why Iceland eftir Ásgeir Jónsson. (ÁJ). 

The Economics of Banking eftir ţá Kent Matthews og John Thompson (M&T), Sjá krćkju hér.

Investment Banking: Institutions, Politics, and Law eftir Alan D. Morrison og William J. Wilhelm Jr.,  (W&M) Sjá krćkju hér

Modern Financial Macroeconomics eftir Todd Knoop. (Knoop) Sjá krćkju hér

Nauđsyn eđa val? Verđtrygging, vextir, verđbólga eftir ţá Ásgeir Jónsson, Sigurđ Jóhannesson og Valdimar Ármann. (ÁSV)

 

Verkefni 1 - skiladagur settur 30. september í tíma

Verkefni 2 - skiladagur settur 31. október.

Verkefni 3 - skiladagur settur 25. nóvember

 

Gömul próf

Lokapróf 2004
Lokapróf 2005
Lokapróf 2006
Lokapróf 2007
Lokapróf 2008
Lokapróf 2009
Lokapróf 2010
Lokapróf 2011
Lokapróf 2012

 

 

Hluti I. Bankastarfsemi

 

Vikur 1-3. Viđskiptabankar

 

Skyldulesefni:

Kaflar 2-3 í ÁJ
Kaflar 3, 6 og 8 í M&T

Glósur

Glósur - Um framţróun íslenska bankakerfisins
Glósur - heppni Íslendinga

Glósur - M&T kafli 3 - Hvađ gera bankarnir?

Glósur - M&T kafli 8 - Fjármagnsskömmtun

 

Aukalesefni 

Ásgeir Jónsson Um framţróun íslenska bankakerfisins Jólablađ Vísbendingar, 2004

Jónas Haralz Hefđir og umbreyting – Landsbanki Íslands 1969–1988

 

 Vika 4. Fjárfestingarbankar

 

Skyldulesefni:

 Kafli 3 í ÁJ

Katrina Lamb The Rise Of The Modern Investment Bank

Kafli 3 - W&M An Institutional Theory of Investment Banking

 

Glósur
Glósur - tegundir bankastarfsemi
Leyndardómar fjárfestingabankastarfsemi
Fall Lehmans og Broker-Dealer líkansins

 

Aukalesefni 

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

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

 

 

Vik 5: Fjármögnun bankastofnana

Skyldulesefni


Kafli 9 í M&T

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

 

Glósur

Glósur - Skuldavafningar

Glósur - Skuldavafningar Kaupţings

 

 

Aukalesefni 

 

Jon Danielsson og Hyun Song Shin (2002) Endogenous Risk 

Davíđ Stefánsson. Ađskilnađur viđskipta- og fjárfestingabankastarfsemi - breyting til batnađar? Greiningardeild Arion banka, apríl 2012.

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

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

 

 

Hluti III.  Peningar og vaxtamyndun

 

Vikur 6-7. Peningamagn og vextir

Skyldulesefni

Knoop - Kafli 2 og Kafli 4

Kafli 4-5 í ÁJ

Kafli 2 í Nauđsyn eđa val? Verđtrygging, vextir, verđbólga

 

Glósur

Glósur - Lánveitingar til ţrautarvara

Glósur - Hvađa máli skiptir M?

Glósur -vaxtaróf og raunvaxtastig

 

 

Aukalesefni 

 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)

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

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

 

 

Vika 8: Verđtrygging og lánamarkađir

Skyldulesefni

 Verđtrygging, nauđsyn eđa val - kaflar 1 og 3 og 5

Glósur

Glósur - verđtrygging, nauđsyn eđa val

 

 

Hluti IV.  Alţjóđafjármál

 

Vikur 9-10:  Raungengi og nafngengi

Skyldulesefni
 

 

Glósur

Glósur - Lögmáliđ um eitt verđ

Glósur -um gengisspár međ óvörđu vaxtajafnvćgi

Glósur - Basel II og lítil opin hagkerfi

 

Aukalesefni

Michael Joyce, Matthew Tong and Robert Woods  "The United Kingdom’s quantitative easing policy: design, operation and impact" Bank of England. Quarterly Bulletin 2011 Q3

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)

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

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

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.

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

 

 

 

 

Hluti V.  Seđlabankar og peningamálastefna

Vikur 11-13: Markmiđ og akkeri peningamálastefnunar

Skyldulesefni

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

 

Glósur

Glósur- miđlunarferliđ

Glósur - verkfćri og markmiđ Seđlabanka

Glósur - gjaldeyrisinngrip

Glósur - Vaxtareglur

 

Aukalesefni

 

Kaflar úr bók Carl E. Walsh "Monetary Theory and Policy)

Kafli 8 - discretionary policy and inflationary bias

Kafli 9 - Monetary Policy operating procedures

Kafli 10 - Interest rate rules

Marvin Goodfriend "The Elusive Promise of Independent Central Banking" Keynote Speech, The Central Bank of Japan MONETARY AND ECONOMIC STUDIES/NOVEMBER 2012

Otmar Issing "Central Banks - Paradise Lost" Mayekawa Lecture Institute for Monetary and Economic Studies Bank of Japan, Tokyo, May 30, 2012

Lars E.O. Svensson "Inflation Targeting"  birtist  í Handbook of Monetary Economics 2010, Volume 3b, chapter 22

Carl E. Walsh "Inflation Targeting: What Have We Learned?" International Finance 12:2, 2009: pp. 195–233

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

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)

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

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

 

12 mánađa hćkkun nafnlauna og kaupmáttar 1989-2013