Микроэкономика банковской деятельности: теория и эмпирические приложения

Аспирантура 2025/2026

Статус: Курс по выбору

Кто читает: Школа финансов

Где читается: Факультет экономических наук

Когда читается: 2-й курс, 2 семестр

Охват аудитории: для своего кампуса

Преподаватели: Семенова Мария Владимировна

Язык: английский

Кредиты: 2

Контактные часы: 38

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Abstract

“Microeconomics of Banking: Theory and Empirical Applications” is an elective course for the PhD level students. It covers key trends in the banking industry development and regulatory changes and initiatives. The course provides an overview of basic microeconomic models describing different banking markets. It implies discussing the market structures, most of the types of bank-client relationships in the deposit and loan markets as well as banking regulation. The course covers the recent empirical evidence on the majority of the theoretical effects and results as well. Most of the trends and aspects will be discussed in a country-case format, the students will be actively involved in exploring particular issues within the frameworks provided by the countries or regions, where these issues are highlighted by the specific banking sector characteristics and/or regulatory regimes. The analysis of empirical strategies is an important part of the course, which is aimed at enhancing students’ research skills.

Learning Objectives

To introduce the basics of theoretical modeling of the agent interactions in the banking markets, basing on the principles of industrial organization economics, institutional economics (including information asymmetry and incomplete markets paradigms) as applied to the banking theory.
To demonstrate the possibilities of empirical testing of theoretical hypotheses in the field and the results showing how the theoretical predictions are related to current empirical evidence coming from the banking sectors in different countries.
To develop and enhance the students' research skills and, in particular, the skills of academic research in the field of the banking sector analysis.

Expected Learning Outcomes

Know basic principles of different banking market functioning (including the markets with information asymmetry and opportunistic behavior)
Explain basic principles of relations between banks and borrowers, as well as with information intermediaries, and basic problems created by information asymmetry
Uses appropriate methods for banking competition measurement
Describes the recent trends in banking sector regulation and explains its purposes and consequenses
Analyses core differences between traditional and Islamic banks’ risks, efficiency, profitability and other outcomes and discusses the reasons and consequenses of these differences
Know basic principles of relations between banks and depositors
Know basic principles of relations between banks and borrowers

Course Contents

Microeconomics of banking: introduction. Banking market microstructure
Deposit market
Credit market: basics
Repeated bank-borrower relationships
Bank risk-taking. Bank regulation
Islamic banking

Assessment Elements

Attendance
Controls for the share of classes attended during the period of study.
Presentation
Students prepare the presentations on the topics announced in the beginning of the course. The topics deal with a particular aspect/problem discussed during the lectures realized in a particular country within its regulatory framework. The presentations are scheduled for the seminars and the content of the presentation is discussed with the audience. If there are more than 20 students in a group, the project proposal can be prepared in duets.
Project proposal/Case study

Interim Assessment

2025/2026 2nd semester
0.2 * Attendance + 0.29 * Presentation + 0.51 * Project proposal/Case study

Bibliography

Recommended Core Bibliography

Freixas, X., & Rochet, J.-C. (2008). Microeconomics of Banking (Vol. 2nd ed). Cambridge, Mass: The MIT Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=216851
Joseph P. Hughes, & Loretta J. Mester. (2008). Efficiency in Banking: Theory, Practice, and Evidence. Departmental Working Papers.
Microeconomics of banking, Freixas, X., 1999
Microeconomics of banking, Freixas, X., 2008
Microeconomics of banking, Freixas, X., 2008
Pejman Abedifar, Shahid Ebrahim, Philip Molyneux, & Amine Tarazi. (2015). Islamic Banking and Finance: Recent Empirical Literature and Directions for Future Research. Post-Print. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.p.hal.journl.hal.01144032
Principles of bank regulation, Malloy, M. P., 2003

Recommended Additional Bibliography

International Islamic banking, Razavi, M., 2022
Islamic finance in the financial markets of Europe, Asia and America, Ismail, F., 2023
Microeconometrics of banking : methods, applications, and results, Degryse, H., 2009
Rethinking bank regulation : till angels govern, Barth, J. R., 2006
Rethinking bank regulation : till angels govern, Barth, J. R., 2008
The foundations of Islamic banking : theory, practice and education, , 2011
W. Diamond, Philip H. Dybvig, & Douglas W. Diamond. (1983). Bank runs, deposit insurance, and liquidity. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.962A83C9
Why are there so many banking crises? : the politics and policy of bank regulation, Rochet, J.- C., 2008

Authors

SEMENOVA Mariia VLADIMIROVNA

Course Syllabus