Back to selection
50886-01 - Lecture: FinTech, Digital Currency and Blockchains (3 CP)
| Semester | spring semester 2020 |
| Course frequency | Irregular |
| Lecturers | David Yermack (david.yermack@unibas.ch, Assessor) |
| Content | This course covers digital currencies, blockchains, and related topics in the FinTech area, perhaps the most significant innovation in the financial world since the advent of double-entry bookkeeping centuries ago. The technology appears to represent an existential challenge for major parts of the finance industry. It is now commonly suggested by experts such as McKinsey that commercial banks and stock exchanges may no longer exist, or may become much smaller, within the next 10 to 20 years, with increasing volumes of payments and exchange taking place on a peer to peer basis. We will begin with a study of the nature of money and legacy payment and banking systems. We will then study the emergence of stateless, cloud-based digital currency systems since 2009. Further lectures will explore threats that blockchain technology poses to incumbent firms and their resulting attempts to co-opt the technology into existing business models. We survey related issues including hacking, “smart contracts,” governance, and emerging regulation. |
| Bibliography | In addition to the readings listed with each lecture, we will use a draft version of Narayanan et al., Bitcoin and Cryptocurrency Technologies. |
| Weblink | Weblink |
| Admission requirements | Solid understanding of business and economics on the BA level.Courses on Bitcoin, Banking Regulations and Monetary Policy on the BA level are helpful. |
| Course application | There will be an orientation for all Summer School courses an 19 February 2020, 6-7 pm in room S15, Economics Department. All applications have to be processed through the Summer School office. Please fill in the application form, which can be found on the weblink: https://wwz.unibas.ch/de/summer-school/howtoapply/ |
| Language of instruction | English |
| Use of digital media | Online course |
| Interval | Weekday | Time | Room |
|---|
No dates available. Please contact the lecturer.
| Modules |
Core Module: Core Areas in Monetary Economics (Master's Studies: International and Monetary Economics) Module: Electives (Master's Studies: Business and Economics) Module: Interdisciplinary and Transfer of Knowledge (Master's Studies: Actuarial Science) |
| Assessment format | end-of-semester examination |
| Assessment details | 50% proof of work excercise, 50% take-home exam with essay questions. For more details: see syllabus. |
| Assessment registration/deregistration | Registration/deregistration: faculty |
| Repeat examination | no repeat examination |
| Scale | 1-6 0,1 |
| Repeated registration | as often as necessary |
| Responsible faculty | Faculty of Business and Economics , studiendekanat-wwz@unibas.ch |
| Offered by | Faculty of Business and Economics |