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| Semester | spring semester 2024 |
| Course frequency | Every spring sem. |
| Lecturers | Sébastien Kraenzlin (sebastien.kraenzlin@unibas.ch, Assessor) |
| Content | The colloquium “Financial Market Infrastructures: From Monetary Policy to Payments” is split into three block aimed at giving students insights into the world of monetary policy. The colloquium is divided into three parts. The first part elaborates on recent measures taken by central banks, i.e. interest rate hikes leading to positive interest rate level, despite excess reserves. How central banks have created excess liquidity and the concept and functioning og negative interest rates will also be outlined. The second part focuses on the importance of financial market infrastructures for the economy, financial system and central banks. Especially in the area of cashless payments there has been a lot of changes and more to come. In the colloquium the responses by central banks (potential as well as measures already taken) will be outlined. In the third part, each student will hold a short presentation on an academic paper related to the focus area of the colloquium. |
| Learning objectives | - Knowledge of recent exit policy measures taken by central banks (interest rate steering in a positive interest rate environment, but excess liquidity) - Knowledge of measures taken by central bank during the financial crisis starting in 2007, which a special emphasis on negative interest rates and impact on markets - Understanding the design and concept financial market infrastructures and importance for monetary policy - Recent trends in payments and response by central banks (e.g. instant payments, CBDC) |
| Bibliography | A list of acedamic papers will be announced during the colloquium. |
| Admission requirements | Students have completed Bachelor's degree in Business and Economics and preferably attended the lecture Applied Monetary Policy |
| Course application | The colloquium is limited to 10 students. Please subscribe to sebastien.kraenzlin@unibas.ch until February 26, 2024. Those who are admitted, please also enroll in the Online Services; Eucor-Students and mobility students of other Swiss Universities or the FHNW first have to register at the University of Basel BEFORE the enrolment deadline and receive their login data by post (e-mail address of the University of Basel). Processing time up to a week! Detailed information can be found here: https://www.unibas.ch/de/Studium/Mobilitaet.html Applies to everyone: Enrolment = Registration for the course and the exam! |
| Language of instruction | English |
| Use of digital media | No specific media used |
| Interval | Weekday | Time | Room |
|---|---|---|---|
| unregelmässig | See individual dates | ||
| Comments | The first date had to be changed to Wed, March 6, 10.15 - 14.00 |
| Date | Time | Room |
|---|---|---|
| Wednesday 06.03.2024 | 10.15-14.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S14 HG.32 |
| Wednesday 13.03.2024 | 14.15-18.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S15 HG.31 |
| Wednesday 24.04.2024 | 14.15-18.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S15 HG.31 |
| Modules |
Core Module: Core Areas in Monetary Economics (Master's Studies: International and Monetary Economics) Module: Field Electives in Finance and Money (Master's Studies: Finance and Money) Module: Finance Field: Monetary Economics and Macrofinance (Master's Studies: Finance and Money) Module: Specific Electives in Monetary Economics and Financial Markets (Master's Studies: Business and Economics) |
| Assessment format | record of achievement |
| Assessment registration/deregistration | Reg.: course registration, dereg: cancel course registration |
| 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 |