Prof. Dr. J. Franke-Viebach SS Seminar. European Financial Integration

Transcription

1 1 Prof. Dr. J. Franke-Viebach SS 2012 Seminar European Financial Integration Target Groups: - Bachelor of Arts in Economics (M13 93) - BWL Diplom (DII), PO 2000 (5. Semester) - Bachelor BWL, PO 2008 (M8-4 oder M12-4) - Bachelor DEWR, PO 2008 (Modul 19.2) - Master of Arts in Economics (M4-82) topics - MSc. Control. u. Risikomanag. (M8-1 oder M8-2) MSc. Wirt.-Ing., PO 2010 (Modul W6, Pos. 7501) only!!! Room: H-C 7325 Time: Thursday, Start: ECTS: Thursday, April 12, 2012 (Introduction) 8 for foreign short-term students (other students: according to the corresponding examination regulations) Method: Each Student is supposed to prepare a seminar paper on one of the topics listed below. The paper should be approximately 15 pages in length (contents only, title page, references etc. extra), using font size 12 of Arial, 1.5 line spacing and page borders 4.0 left and 2.0 right). The major elements of the paper have to be presented within 30 to 40 minutes in one of the seminar sessions. The paper has to be sent by to me and to the other seminar participants at least one week before the corresponding seminar session (an list will be established). The students can apply for topics either by ([email protected]) or during my office hours (Thursday, during the winter semester; office hours for the rest of the year can be found on my website). Please respect the usual rules of citation etc.! If you are not used to these rules, you may find an orientation in the following example of a seminar paper: Basic Bibliography: I give bibliographic references for each of the topics (see the list below). The references define the specific aspects which have to be discussed in the paper. The students are encouraged to look for other references which, e.g., explain some or all of the aspects of a topic more clearly or which contain more recent empirical evidence. Most importantly, they are expected to search the websites of the European Central Bank and of the Deutsche Bundesbank.

2 2 Topics For Seminar Papers: Part 1: International Financial Markets in Practice 1. Payment Instruments and Payment Systems: Basics Markets and Institutions. Cambridge, pp , Kohn, M. (2004): Financial Institutions and Markets. Oxford, pp 11, 20 24, 39, 50 52, , Euro Payments Across Borders: Integrating Payment Systems in Europe Markets and Institutions. Cambridge, pp 146, European Central Bank: various publications Feixas, X. / Holthausen, C. (2008): European Integration of Payment Systems. In: X. Freixas/Ph. Hartmann/C. Mayer (eds), Handbook of European Financial Markets and Institutions, Oxford, pp Kohn, M. (2004): Financial Institutions and Markets. Oxford, pp Reszat, B. (2005): European Financial Markest in the Global Economy. Weinheim, pp The International Money Market am Main, pp , Markets and Institutions. Cambridge, pp Giddy, I. H. (1994): Global Financial Markets. Lexington (Mass.), pp Hartmann, Ph. / Valla, N. (2008): The Euro Money Markets. In: X. Freixas/Ph. Hartmann/C. Mayer (eds), Handbook of European Financial Markets and Institutions, Oxford, pp ,

3 3 4. Integration of European Money Markets Markets and Institutions. Cambridge, pp European Central Bank (2005): Indicators of Financial Integration in the Euro Area, pp 3-5, 11, 14 n. Hartmann, Ph. / Valla, N. (2008): The Euro Money Markets. In: X. Freixas/Ph. Hartmann/C. Mayer (eds), Handbook of European Financial Markets and Institutions, Oxford, pp 453 n., International Markets For (Unsecuritized) Bank Credits and Deposits Bekaert, G. / Hodrick, R. J. (2009): International Financial Management. Upper Saddle River, N. J., pp , am Main, pp , , Evans, J. S. (1992): International Finance. A Markets Approach. New York, pp Giddy, I. H. (1994): Global Financial Markets. Lexington (Mass.), pp Integration of European Banking Sectors Baldwin, R. / Wyplosz, C. (2006): The Economics of European Integration. 2 nd. Ed., London, pp De Grauwe, P. (2006): Economics of Monetary Union. 6 th. Ed., Oxford, p European Central Bank (2005): Indicators of Financial Integration in the Euro Area, pp 3 n., 9 n., 13, 20 n., 27 n. European Central Bank (2005a): Assessing the Performance of Financial Systems. In: Monthly Bulletin, October, pp 87 n.

4 4 7. The International Bond Market: Survey and Types of Bonds Bekaert, G. / Hodrick, R. J. (2009): International Financial Management. Upper Saddle River, N. J., pp am Main, pp , , , 470 n. Evans, J. S. (1992): International Finance. A Markets Approach. New York, pp Giddy, I. H. (1994): Global Financial Markets. Lexington (Mass.), pp , , , Solnik, B. / McLeavey, D. (2004): International Investments. 4 th ed., London, pp , 326 n., (jeweils ohne Bewertung) 8. The International Bond Market: Issuance Procedures in the Primary Markets and Trade in the Secondary Markets am Main, pp Markets and Institutions. Cambridge, pp Evans, J. S. (1992): International Finance. A Markets Approach. New York, pp Giddy, I. H. (1994): Global Financial Markets. Lexington (Mass.), pp Solnik, B. / McLeavey, D. (2004): International Investments. 4 th ed., London, pp 318 n. 9. Integration of European Bond Markets Baldwin, R. / Wyplosz, C. (2006): The Economics of European Integration. 2 nd. ed., London, pp De Grauwe, P. (2006): Economics of Monetary Union. 6 th. Ed., Oxford, p Markets and Institutions. Cambridge, pp European Central Bank (2005): Indicators of Financial Integration in the Euro Area, pp 3 n., 6 n., 11 n., 16 18,

5 5 Pagano, M. / von Thadden, E.-L. (2008): The European Bond Market under EMU. In: X. Freixas/Ph. Hartmann/C. Mayer (eds), Handbook of European Financial Markets and Institutions, Oxford, pp Part 2 : Information in International Financial Markets 10. Expectations and Market Efficiency in the Forex Market Bailey, R. E. (2004): The Economics of Financial Markets. Cambridge, pp pp Howells, P. / Bain, K. (2008): The Economics of Money and Banking. A European Text. 4 th ed., Harlow, pp Außenwirtschaftstheorie. 5. Aufl. Göttingen, pp Hrsg. K.-H. Hartwig/H. J. Thieme, Stuttgart, pp Solnik, B. / McLeavey, D. (2004): International Investments. 4 th ed., London, pp Van Horne, J. C. (1990): Financial Market Rates and Flows. 3 rd ed. London, pp Willms, M. (1995): Internationale Währungspolitik. 2. Aufl. München, pp Testing for Efficiency of the Forex Market pp Außenwirtschaftstheorie. 5. Aufl. Göttingen, pp 314 n. Krugman, P./Obstfeld, M. (2009): International Economics Theory and Policy, 8 th ed. London, pp 614 n [or: 6 th ed. 2003, pp ]. Hrsg. K.-H. Hartwig/H. J. Thieme, Stuttgart, pp , Willms, M. (1995): Internationale Währungspolitik. 2. Aufl. München, pp 145 n.

6 6 12. Explaining the Poor Predictive Power of the Forward Rate: the News Model pp Hrsg. K.-H. Hartwig/H. J. Thieme, Stuttgart, pp 126 n. 13. Explaining the Poor Predictive Power of the Forward Rate: Other Approaches Aschinger, G. (2001): Währungs- und Finanzkrisen. Entstehung, Analyse und Beurteilung aktueller Krisen. München, pp pp Außenwirtschaftstheorie. 5. Aufl. Göttingen, pp Krugman, P./Obstfeld, M. (2009): International Economics Theory and Policy, 8 th ed. London, pp 616 n [or: 6 th ed. 2003, p. 661]. Hrsg. K.-H. Hartwig/H. J. Thieme, Stuttgart, pp Willms, M. (1995): Internationale Währungspolitik. 2. Aufl. München, pp , Speculation in the Forex Market: the Risk Premium pp Außenwirtschaftstheorie. 5. Aufl. Göttingen, pp 86 n, 95 98, 315 n. Krugman, P./Obstfeld, M. (2009): International Economics Theory and Policy, 8 th ed. London, p. 616 [or: 6 th ed. 2003, pp 660 n]. Willms, M. (1995): Internationale Währungspolitik. 2. Aufl. München, pp

7 7 Part 3 : Currency Crises 15. First-Generation Models pp Aschinger, G. (2001): Währungs- und Finanzkrisen. Entstehung, Analyse und Beurteilung aktueller Krisen. München, pp Second-Generation Model pp Aschinger, G. (2001): Währungs- und Finanzkrisen. Entstehung, Analyse und Beurteilung aktueller Krisen. München, pp Third-Generation Model pp