ALL BANKING SUMMER COURSES FOR 2021 WILL BE CONDUCTED Online.
Banking Summer School courses cover recent developments in different areas of banking, including theoretical and empirical aspects of banking, banking regulation and supervision, financial markets and payments systems. During the courses, the faculty are available to discuss research ideas and projects with the program participants.
Week 1 (June 28 - July 2, 2021)
- Banking Theory Online
Instructor: Xavier Freixas (UPF and Barcelona GSE)
Week 2 (July 5-9, 2021)
- Empirical Tools/Applications in Banking and Macro-Finance Online
Instructor: José-Luis Peydró (ICREA-UPF and Barcelona GSE)
Program director
Apply for Summer School
Applications will open in February 2021
Early-bird payment deadline: May 14, 2021
Fees and discounts
Fees vary by course. You may be eligible for one or more available Summer School discounts. Our staff can provide a personalized quote for you.
Banking Theory
Overview and Objectives
- To understand the role of imperfect information and the role of financial institutions in the economy
- To understand the specifics of banks' strategies and their impact on the overall allocation of capital in the economy
- To understand the role of banks in maturity transformation and the inherent instability of the banking system
- To understand the logic of banking regulation
Course Outline
- Why do financial intermediaries exist?
- The industrial organization approach to banking
- Macroeconomic consequences of financial intermediation
- Individual bank runs and systematic risk
- Banking regulation
Basic Textbook (included in the course fees)
Freixas, X. and Rochet, J.C., Microeconomics of Banking , 2nd edition, MIT Press, 2008.
About the Instructor
Xavier Freixas is Professor at Universitat Pompeu Fabra, Emeritus Research Professor of the Barcelona GSE, and Research Fellow at CEPR. He is Chairman of the Risk Based Regulation Program of the Global Association of Risk Professionals (GARP) and past president of the European Finance Association. He has previously been Deutsche Bank Professor of European Financial Integration at Oxford University, Houblon Norman Senior Fellow of the Bank of England and Joint Executive Director Fundación de Estudios de Economía Aplicada FEDEA), and 1989-91, Professor at Montpellier and at Toulouse Universities. He has been a consultant for the European Investment Bank, the New York Fed, the European Central Bank, the World Bank, the Interamerican Development Bank, MEFF and the European Investment Bank. He is Associate Editor of Journal of Financial Intermediation, Review of Finance, Journal of Banking and Finance and Journal of Financial Services Research. He has published a number of papers in the main economic and finance journals (Journal of Financial Economics, Review of Financial Studies, Econometrica, Journal of Political Economy, and others).
Xavier Freixas
UPF and Barcelona GSEEmpirical Tools/Applications in Banking and Macro-Finance
Overview
The objective of this course is to present empirical applications of relevant questions for both banking theory and policy, mainly related to Systemic Risk, Crises, Macroprudential and Monetary Policy. An important objective is to read and understand scientific papers in empirical banking; to accomplish this objective, emphasis is placed on illustrating research methodologies used in empirical banking and learning the application of these methodologies to selected topics.
Selected Topics
- Credit cycles
- Securities and credit registers; large datasets
- Fire sales, market and funding liquidity
- Bank capital and macroprudential regulation
- Risk-taking and credit channels of monetary policy
- Real effects of financial shocks
- Moral hazard vs. behavioral based risk-taking
- Secular stagnation, banking and debt crises
- Interbank contagion, bank runs and systemic risk
- Banking globalization
- Capital controls and capital flows to emerging markets
- Macro vs. micro prudential policy
Basic Textbook (included in the course fees): Freixas, X., Laeven, L., and Peydró, J.L., Systemic Risk, Crises, and Macroprudential Regulation, Boston, MA: MIT Press, June 2015.
About the instructor
José-Luis Peydró is ICREA Professor of Economics at UPF, Barcelona GSE Research Professor, CREI Research Associate and CEPR Research Fellow. His research on Banking and Systemic Risk has been published in the top journals in Economics and Finance such as JFE, RFS, JF, AER and Econometrica. Professor Peydró has presented his research in top universities including Harvard, MIT, Princeton, Stanford, Columbia, NYU, LSE, Oxford and LBS and in policy organizations such as the Federal Reserve Board, New York Fed, IMF, WB, BIS, ECB, Bundesbank, and Bank of England, and has written a book on "Systemic Risk, Crises and Macroprudential Policy" published by MIT Press. José-Luis is currently a Member of the European Systemic Risk Board in Frankfurt, holds a PhD in Finance from INSEAD and a Master in Economics from CEMFI, and was awarded with the first prize by the Government of Spain for the student with highest GPA in finishing a BA in Economics in Spain in 1998.
José-Luis Peydró
ICREA-UPF and Barcelona GSE
Call for papers
There is a call for papers for students who wish to present their work. Students are encouraged to present their research papers. If you are interested in submitting a paper for review, please make your submission to summerschool@barcelonagse.eu
Please put "Banking call for papers" in the subject line of your email. The deadline for submitting papers is May 30, and the schedule for the presentation of papers will be announced when the selection of papers has been finalized.
Paper presentations will only take place if sufficient papers are presented.
Who will benefit from this program?
- Graduate students specializing in banking and financial markets
- Faculty members or researchers
- Central bankers and regulators wishing to brush up on their knowledge of the field and be exposed to the latest advances in academic research
Entry requirements
Applicants to all Summer School programs should meet the basic entry requirements. For Banking applicants, experience in financial institutions such as central banks will be valued.
Certificate of attendance
Participants will receive a Certificate of Attendance stating the courses and number of hours completed. At the conclusion of the Summer Schools, participants will receive a certificate for the number of hours attended. All Barcelona GSE courses require an average of twice the lecture hours for readings, pre-readings and class preparation. Interested students should check with their universities to see if these hours are transferable into ECTS credits.
Fees
The price of each course includes all lecture hours and practical hours. Multiple course discounts are available. Fees for courses in other Summer School programs may vary.
Course | Modality | Lecture Hours | Practical Hours | Regular Fee | Reduced Fee* |
---|---|---|---|---|---|
Banking Theory | Online | 10 | 3 | 1100€ | 660€ |
Empirical Tools/Applications in Banking and Macro-Finance | Online | 10 | 5 | 1100€ | 660€ |
* Reduced Fee applies for PhD or Master's students, Alumni of Barcelona GSE Master's programs, and participants who are unemployed.
See more information about available discounts or request a personalized discount quote by email.
Course schedule
The schedule is designed to allow students to participate in all courses in the Banking program. Courses can also be taken individually or in combination with courses in other Barcelona GSE Summer School programs, schedule permitting.
Day / Time | Mon | Tue | Wed | Thu | Fri |
---|---|---|---|---|---|
14:00 - 16:00 | Banking Theory (Lectures) |
||||
16:00 - 16:15 | Banking Theory (Networking breaks) | ||||
16:15 - 17:15 | Practical session | Paper presentations** | Practical sessions | ||
17:15 - 18:15 | Happy Hour |
**These sessions will only take place if sufficient papers are presented.
Day / Time | Mon | Tue | Wed | Thu | Fri |
---|---|---|---|---|---|
14:00 - 16:00 | Empirical Tools/Applications in Banking and Macro-Finance (Lectures) |
||||
16:00 - 16:15 | Empirical Tools/Applications in Banking and Macro-Finance (Networking breaks) | ||||
16:15 - 17:15 | Practical sessions | ||||
17:15 - 18:15 | Paper presentations** | ||||
18:15 - 19:15 | Happy Hour |
**These sessions will only take place if sufficient papers are presented.
There are no Banking courses scheduled during Week 3 (July 12-16, 2021).
Mix and match your summer courses!
Remember that you can combine Banking courses with courses in other programs happening during Week 1, Week 2, and Week 3 (schedule permitting).