Financial markets and Institutions (2016/2017)

Course code
Name of lecturers
Flavio Pichler, Veronica De Crescenzo
Flavio Pichler
Number of ECTS credits allocated
Academic sector
Language of instruction
primo semestre triennali dal Sep 19, 2016 al Jan 13, 2017.

Lesson timetable

primo semestre triennali
Day Time Type Place Note
Tuesday 11:00 AM - 1:30 PM lesson Lecture Hall VM5  
Wednesday 9:05 AM - 10:45 AM lesson Lecture Hall VM5  
Thursday 9:05 AM - 11:35 AM lesson Lecture Hall VM4  

Learning outcomes

The course provides a fundamental knowledge of Financial intermediation. The aim of this course is to provide students with both concepts and methodologies useful to analyse the role and the dynamics of the financial system. During the course, the technical features of financial instruments, the structure of the financial system, with particular attention paid to the different functions performed by financial institutions and financial markets, the normative context and monetary policy will be analysed.
Lectures may be integrated with experts’ insights on specific topics.


1. Structure and functions of the financial system
2. Financial instruments: bonds, stocks and derivatives
3. Financial markets
4. Financial institutions: banks, securities intermediaries and insurance companies
5. Monetary policy

FERRARI A, GUALANDRI E., LANDI A., VEZZANI P., Il sistema finanziario: funzioni mercati e intermediari, Giappichelli, 2016.
MUNARI L. (a cura di), Strumenti finanziari e creditizi, McGraw-Hill, 2015: cap. 6, 7, 8, 9, 10, 17, 18.
Further readings on specific topics will be made available on the e-learning page for the course.
Textbooks and further readings are consistent with the syllabus.

Reference books
Author Title Publisher Year ISBN Note
FERRARI A, GUALANDRI E., LANDI A., VEZZANI P. Il sistema finanziario: funzioni mercati e intermediari (Edizione 5) Giappichelli 2016
MUNARI L. (a cura di) Strumenti finanziari e creditizi McGraw-Hill 2015

Assessment methods and criteria

Written test