Banking Operations (partim I)

Academic year: 2007-2008 Course code module TABAN_01A00002 Credits: 6 Study load (hours) 168 Theory (hours): 45,00 Practice/Exercises(hours): Other (hours): Part-time program: Instructor(s) Leo Van Hove Language of instruction: English Semester exam information: Contract restriction information: 1. Prerequisites *Algemene competenties *Sequentiality 2. Objectives (expected learning outcomes) The goals of the course are:   • to demonstrate the importance of payment systems for individual banks as well as for society as a whole;   • to provide students with an understanding of the structure of the payments industry, the way in which payment systems function, and the characteristics of individual payment instruments;   • to make students aware of important strategic issues for the future.   To that end, the course will rely on economic theory where possible but the emphasis will be on real-life cases.  At the end of the course, students should be able to take informed positions on key issues. 3. Course content I. Introduction • importance of payment systems • overview and classification   II. Theory of network externalities   III. Retail payment systems   • real world: cash, cheques, debit cards, credit cards, electronic money, credit transfer, direct debit, mobile payments, … • Internet: many of the above + digital cash, server-based wallets, …   IV. Large-value payment systems   • UCV/CEC • Swift, TARGET, STEP 1/2, …   V. Deposits               • reserve requirements             • phone banking, PC banking, Internet banking             • … VI. Strategic issues               • cashless society?             • standards             • cross-subsidization vs direct pricing             • competition in the payments industry             • banks vs non-banks             • role of central banks             • cross-border payments  The intention is to keep parts III through V fairly 'descriptive', and to reserve the in-depth analysis of issues that relate to more than one payment instrument/system for part VI.  The emphasis will be on the economic aspects, but whenever relevant attention will also be paid to technology and law. 4. Teaching method Direct contact: Lectures 5. Assessment method Exam: Written, without oral presentation 6. Compulsory reading – study material 7. Recommended reading - study material 8. Tutoring laatste aanpassing: last update: 15/01/2007 10:15 annick.debroey