Seminars

Money Seminars

The following is an indicative list. Not all courses are necessarily offered every academic year; and the program may be enriched with further courses when appropriate and feasible.

 

Monetary and Fiscal Stabilization Policies

This seminar focuses on current research on monetary and fiscal stabilization policies.  First, the empirical evidence regarding the actual practice of monetary and fiscal policies and their effects on the economy is reviewed. Then, participants investigate how dynamic general-equilibrium models may be used to obtain a deeper understanding of the transmission channels and interactions of monetary and fiscal policies. Finally, practical questions of fiscal and monetary policy design are studied on the basis of macroeconomic models and the available empirical evidence.

International Money and Finance

The seminar will give participants the opportunity to engage in a substantive empirical project in international macroeconomics or international finance using time-series and/or panel data techniques, with the benefit of continuous feedback and advice. Rather than providing a discussion of results presented in the literature, participants are expected to collect their own data set, carry out an econometric analysis of this data set, and discuss the economic relevance of their results. The seminar presumes that participants have mastered the material in the course International Money and Finance.

Household Saving, Borrowing, and Portfolios

The seminar deals with recent research topics in Household Finance. Topics include household participation in asset markets, portfolio shares and portfolio changes over the life cycle, portfolios of the rich and of the elderly, international comparisons, stock trading behavior of households, co-existence of debts and assets in household portfolios, household investment mistakes, and the role of behavioral factors in portfolio choice.

 


 

Finance Seminars

The following is an indicative list. Not all courses are necessarily offered every academic year; and the program may be enriched with further courses when appropriate and feasible.

 

Selected Topics in Derivatives

The seminar deals with the valuation, hedging and application of derivative securities. Topics include (but are not limited to) numerical methods for the pricing of exotic options, models for interest rate and credit risk, hedging problems on incomplete markets and in discrete time, model implementation in VBA, specific properties of hedge fund returns and the associated investment strategies.

Selected Topics in Corporate Finance

The seminar deals with various financial instruments and strategies. The form is either on theoretical or empirical work. Students have to write, present and defend a seminar thesis.

Selected Topics in Banking

The seminar deals with portfolio management and long term wealth management. The form is either on theoretical or empirical work. Students have to write, present and defend a seminar thesis.

Selected Topics in Asset Management and Pension Finance

The seminar deals with recent topics in Asset Management and Pension Finance. Topics include the calculus of retirement income planning, investment and risk management of pension funds, strategic, tactical, and dynamic asset allocation (CPPI, risk controlled total return strategies). The seminar deals also with the management of specific asset classes like equities, fixed income, real estate, and alternative investment like hedge funds.

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