MONEY, BANKS & FINANCIAL INNOVATION.
Module overview . The Money, Banks & Financial Innovation module provides a rigorous discussion of the role of money, banks and other financial institutions in a modern economy. You will study the fragilities in fractional reserve banking, the role of the central bank, and the weaknesses caused by the shadow banking sector. Throughout this module, you will also explore the causes of historic bank failures and systemic crises, and you will explore how fintech can be used in the banking system.
Who would benefit from this module? This module would benefit those working in financial regulation authorities, central banks as well as investment banks and rating agencies, as well as those working as Asset Managers and Reserves Managers and anyone who is involved in projects requiring due diligence.
Faculty . This module is led by Dr Kebin Ma (Associate Professor of Finance at WBS). This module also features insights from Professor Jean-Charles Rochet (Toulouse School of Economics), Professor Thorsten Beck (European University Institute), Monetary Assessment and Strategy Division, Bank of England), and Katrin Assenmacher (Head of the Monetary Policy Strategy Division, European Central Bank), David Skeie (Professor of Finance, Warwick Business School), Ruslan Sverchkov, (Associate Professor of Finance, Warwick Business School). Module structure . The module lasts for 17 weeks and culminates in an assessment. Module materials are organised into 10 lessons – each lasting one week. You can expect to spend around 11 hours studying per lesson. Lessons include reading materials, video interviews, discussion points, reflection activities. There are four wbsLive online sessions with your tutor.
Key benefits .
Understanding . Gain a broad understanding of the wider context in which financial institutions operate. Tools . Learn to use analytical tools to understand the evolution of the financial and monetary systems.
This module offers a unique blend of theory and practice, exploring the important debates in the area. It is cutting-edge in terms of the material and the insights gained are valuable. Nishita Raje . Global Central Banking and Financial Regulation, Graduate
Award . Gain a Postgraduate Award upon successful completion.
Key information .
Key topics covered .
The module will start in February 2027.
Stylised facts on financial crises and procyclicality of credit. Money, its origins and the source of its value, and fractional reserve banking. Financial system: an overview and its functions in financing and risk-sharing. Lender of last resort and rationales for deposit insurance.
FinTech and the payment system: blockchain, smart contracts,
Financial contagion across the interbank network.
This module features a two-week induction period.
Amplification of shocks and
and Artificial Intelligence.
so systemic risk, with the example of the Global Financial Crisis
CBDC (Central Bank Digital Currencies) the promise and the risks. Non-bank financial intermediation – shadow banking and the regulatory perimeter.
Watch the film
wbs.ac.uk/go/
MoneyBanks
Please note that this is not an exhaustive list and we recommend you contact us for a more detailed discussion.
wbs.ac.uk/go/banking
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Global Central Banking & Financial Regulation qualification
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