FINM8014courseoutline.docxVIP

PAGE PAGE \* MERGEFORMAT 3 | THE AUSTRALIAN NATIONAL UNIVERSITY PAGE \* MERGEFORMAT 1 | THE AUSTRALIAN NATIONAL UNIVERSITY FINM8014 Applied Financial Intermediation Debt Markets Course Description This course will begin by analysing the theory and practice of financial intermediation, broadly construed to include banks, savings institutions and investment/merchant banks. Topics will include the role of banking firms in a developed capital market, their impact on corporate financial decisions for non-banking firms, and the regulation of banks. The course will then narrow its focus to provide a comprehensive analysis of the role of financial intermediaries in the development of fixed-income markets and will also provide an introduction to the valuation of fixed income securities. We shall discuss the institutional structure of the fixed income markets and the role they play in: (1) portfolio management; and (2) risk management of financial intermediaries. Topics will include theoretical models and analytical techniques used for dealing with credit risk, interest rate risk and liquidity risk – for example: maturity matching, duration and immunization, loan sales, securitization, collateralized debt obligations (CDOs), and collateralized mortgage obligations (CMOs). Semester and Year S1 2015 Course URL HYPERLINK .au/course/FINM8014 .au/course/FINM8014 Mode of Delivery On Campus Prerequisites To enrol in this course you must have completed FINM7007 and FINM7008 and FINM7041 and FINM7044 Incompatible Courses N/A Course Convener Associate Professor Kathy Walsh Office Location: CBE Building 26C, Room 4.10 Phone: 6125-7300 Email: Kathleen.walsh@.au Consultation hours: Friday 11 to 12 (during teaching weeks) Bio and research interests Kathy Walsh has a research focus on capital markets where she has been published internationally and has attracted substantial grant funding. Her current research is on Chinese capital markets with a particular focus on