Lehrveranstaltungen des Instituts für Banken und Finanzierung im Wintersemester 2016/2017
Bachelor
Betriebswirtschaftslehre V
- Wiederholungstutorium zu Investition und Finanzierung (70080)
Termine: Lehrpersonen: Blockveranstaltung Claußen, Germer, Sejdiu Inhalt:
Die Veranstaltungdient der Vorbereitung auf die Wiederholungsprüfung BWL V und behandelt die Schwerpunkte der Vorlesung Investition und Finanzierung.
Bemerkungen:
Der Termin wird rechtzeitig auf der Website des Instituts bekanntgegeben.
Link:
Bank- und Finanzwirtschaft / Finanzmärkte
- Seminar Kapitalmarktforschung (170507)
Termine: Lehrpersonen: Blockveranstaltung Dierkes, Sejdiu Inhalt:
In diesem empirisch ausgerichteten Seminar werden kapitalmarkbezogene Fragestellungen mit Hilfe von numerischer Software (R, Matlab, PythonXY) von den Studierenden eigenständig bearbeitet. Anschließend werden die erarbeiteten Ergebnisse ökonomisch bewertet und wissenschaftlich dargestellt.
Bemerkungen:
Den Termin zur Vorbesprechung und Themenvergabe entnehmen Sie bitte der Homepage des Instituts.
Link:
- Credit Risk Management (170521)
Termine: Lehrpersonen: Do. 09:15 - 10:45 in I-401 Claußen Inhalt:
An essential task of financial institutions is risk taking and risk management. In particular, credit risk is one of the major sources of bank risks. Therefore the accurate measurement and effective control of this particular risk is of crucial interest to financial institutions and the economy as a whole. The increasing amount of credit-risky assets and the fact that traditionally credit risk could only be managed during credit origination, have led to the development of credit derivatives and complex securitization structures such as collateralized debt obligations in the last two decades.
The lecture introduces firstly the most commonly used static credit risk models (structural-, threshold- and mixture models) and analyzes the challenges of (robust) credit risk measurement. Secondly, we consider credit risk models in continuous time and the pricing of credit derivatives such as credit default swaps (CDS) and collateralized debt obligations (CDO). The development of regulatory requirements (Basel 1 to Basel 3 with respect to credit risk), current practical challenges and findings of recent academic literature are considered as well.
Literatur:
Specific text books and academic articles will be provided in class.
Link:
- Exercise Credit Risk Management (170522)
Termine: Lehrpersonen: Do. 16:15 - 17:45 in II-013 Germer Inhalt:
See information about the lecture »Credit Risk Management«.
Link:
- Derivatives (170529)
Termine: Lehrpersonen: Mi. 09:15 - 10:45 in I-401 Dierkes Inhalt:
We discuss theoretical and practical aspects of derivatives. Students understand and are able to apply important valuation concepts. Contents are:
- Basics of Derivatives
- No-Arbitrage valuation
- Trading/Hedging strategies
- Binomial model
- Black-Scholes model and extensions
- Martingales
- Volatility smile
- Application to risk management and other finance areas.
Literatur:
The literature will be announced in the lecture.
Link:
- Seminar Financial Markets (170537)
Termine: Lehrpersonen: Blockveranstaltung Nguyen, Prokopczuk Inhalt:
Students write a term paper (Seminararbeit) on different topics on financial marketsand present their work in a final meeting which also includes group discussion.
Literatur:
Topic specific literature will be announced in the kick-off meeting.
Bemerkungen:
Please check the institute's webpage for detailed information.
Link:
- Exercise Derivatives (170541)
Termine: Lehrpersonen: Fr. 09:15 - 10:45 in I-401 Schrön Inhalt:
See information about the lecture»Derivatives«.
Link:
- Behavioral Finance (170550)
Termine: Lehrpersonen: Di. 11:00 - 12:30 in I-301 Dierkes Inhalt:
- Normative concepts and market efficiency
- Systematic errors in individual decision making (Heuristics and biases, Prospect Theory)
- Investor behavior
- Limits of arbitrage
- Anomalies in Financial Markets
- Behavioral Asset Pricing.
Literatur:
Relevant text books and academic articles will be provided in class.
Link:
- Exercise Behavioral Finance (170551)
Termine: Lehrpersonen: Fr. 14:30 - 16:00 in I-301 Sejdiu Inhalt:
See information about the lecture 'Behavioral Finance'.
Link:
- Hannover Finance Symposium (HFS) (170564)
Termine: Lehrpersonen: Blockveranstaltung Breitner, Dierkes, Germer, Hamann, H.-J. von Mettenheim Inhalt:
Das 8. HFS im November 2016 wird das Rahmenthema „Regulierung und Digitalisierung in Banken und Versicherungen“ behandeln, das auch Basis für die Hausarbeiten sein soll.
Literatur:
Ausführliche Folien der Referenten zum Download. Begleitende Literatur, die von den Dozenten während des Hannover Finance Symposiums (HFS) 2016 genanntwird.
Bemerkungen:
Das 8. Hannover Finance Symposium (HFS) des Hannover Center of Finance (HCF) e.V. gibt am 7. November 2016 beim Mitglied des HCF Sparkasse Hannover Studierenden die Möglichkeit, sich gemeinsam mit Fach- und Führungskräften und Interessierten aus der Wissenschaft über aktuelle Entwicklungen in der Finanzwirtschaft zu informieren. Es besteht Gelegenheit, mit Praktikern über die Herausforderungen an moderne Finanzdienstleister zu diskutieren und über mögliche Praktika, gemeinsame Bachelor- oder Masterarbeiten und Jobs für Absolventen zu sprechen. Vortragende sind sowohl namhafte Referenten aus der Praxis, als auch Professoren. Das 8. HFS ist wieder eine Gemeinschaftsveranstaltung des Instituts für Wirtschaftsinformatik (IWI) und des Instituts für Banken und Finanzierung (IBF). Prüfungsleistung für Studierende ist eine Hausarbeit in Gruppen mit zwei bis drei Teilnehmern. Die Hausarbeitsthemen werden teils auch von den Referenten aus der Praxis vergeben und betreut. Die Hausarbeiten werden nach dem 8. HFS ab Ende November 2016 bis spätestens 31.3.2017 vergeben und angemeldet. Die offizielle Bearbeitungszeit beträgt 6 Wochen.
Link:
Geld und Internationale Finanzwirtschaft
- Behavioral Finance (170550)
Termine: Lehrpersonen: Di. 11:00 - 12:30 in I-301 Dierkes Inhalt:
- Normative concepts and market efficiency
- Systematic errors in individual decision making (Heuristics and biases, Prospect Theory)
- Investor behavior
- Limits of arbitrage
- Anomalies in Financial Markets
- Behavioral Asset Pricing.
Literatur:
Relevant text books and academic articles will be provided in class.
Link:
- Exercise Behavioral Finance (170551)
Termine: Lehrpersonen: Fr. 14:30 - 16:00 in I-301 Sejdiu Inhalt:
See information about the lecture 'Behavioral Finance'.
Link:
Informations Management / Wirtschaftsinformatik
- Hannover Finance Symposium (HFS) (170564)
Termine: Lehrpersonen: Blockveranstaltung Breitner, Dierkes, Germer, Hamann, H.-J. von Mettenheim Inhalt:
Das 8. HFS im November 2016 wird das Rahmenthema „Regulierung und Digitalisierung in Banken und Versicherungen“ behandeln, das auch Basis für die Hausarbeiten sein soll.
Literatur:
Ausführliche Folien der Referenten zum Download. Begleitende Literatur, die von den Dozenten während des Hannover Finance Symposiums (HFS) 2016 genanntwird.
Bemerkungen:
Das 8. Hannover Finance Symposium (HFS) des Hannover Center of Finance (HCF) e.V. gibt am 7. November 2016 beim Mitglied des HCF Sparkasse Hannover Studierenden die Möglichkeit, sich gemeinsam mit Fach- und Führungskräften und Interessierten aus der Wissenschaft über aktuelle Entwicklungen in der Finanzwirtschaft zu informieren. Es besteht Gelegenheit, mit Praktikern über die Herausforderungen an moderne Finanzdienstleister zu diskutieren und über mögliche Praktika, gemeinsame Bachelor- oder Masterarbeiten und Jobs für Absolventen zu sprechen. Vortragende sind sowohl namhafte Referenten aus der Praxis, als auch Professoren. Das 8. HFS ist wieder eine Gemeinschaftsveranstaltung des Instituts für Wirtschaftsinformatik (IWI) und des Instituts für Banken und Finanzierung (IBF). Prüfungsleistung für Studierende ist eine Hausarbeit in Gruppen mit zwei bis drei Teilnehmern. Die Hausarbeitsthemen werden teils auch von den Referenten aus der Praxis vergeben und betreut. Die Hausarbeiten werden nach dem 8. HFS ab Ende November 2016 bis spätestens 31.3.2017 vergeben und angemeldet. Die offizielle Bearbeitungszeit beträgt 6 Wochen.
Link:
Master
Banking and Insurance
- Banking & Finance (173700)
Termine: Lehrpersonen: Di. 09:15 - 10:45 in I-442 Dierkes Inhalt:
This lecture provides a comprehensive understanding of financial institutions and markets. Focus is on selected theoretical models and empirical studies. Topics include risk management and regulation of financial intermediaries, asset pricing and corporate finance.
Literatur:
- Cochrane, J.H.: Asset Pricing. Princeton University Press. 2005.
- Degryse, H., Moshe, K., Ongena, S.: Microeconomics of Banking: Methods, Applications, and Results . MIT Press. 2009.
- Freixas, X., Rochet, J.-C.: Microeconomics of Banking. MIT Press. 2008.
- Saunders, A., Cornett, M.M.: Financial Institutions Management - A risk management approach. McGraw-Hill. 2007.
More Literature will be announced in class.
Link:
- Risk Management (173315)
Termine: Lehrpersonen: Mi. 11:00 - 12:30 in I-301 Bunnenberg Inhalt:
During the last years, economies worldwide have suffered from severe financial turbulences. Furthermore - and partly as a consequence of these crises -, the regulation of financial institutions has evolved at an unprecedented pace in the recent past. Today, measuring and controlling financial risks is a vital task not only for banks and other financial intermediaries, but also for nearly all private and public commercial institutions. Eventually, even private investors benefit from the ability to understand fundamentals of financial risk management.
The lecture first introduces the essential measures of financial risk management, the Value at Risk and the Expected Shortfall. Besides their formal definition, several approaches to estimate these figures and their relevant parameters are presented. We will then discuss selected topics in financial risk management, such as market risks of stocks and bonds, foreign exchange risk, hedging strategies for market risks, asset-liability management, and regulatory requirements for banks and insurances. The course concludes with theoretical and empirical findings on the contribution of risk management to the company value.
Literatur:
Relevant text books and academic articles will be provided in class.
Link:
- Exercise Risk Management (173316)
Termine: Lehrpersonen: Mi. 09:15 - 10:45 in I-301 Bunnenberg Inhalt:
See information about the lecture 'Risk Management'.
Link:
- Banking & Insurance Seminar (173720)
Termine: Lehrpersonen: Blockveranstaltung Oletzky, Rodriguez, Wegener Inhalt:
Das »Banking & Insurance Seminar« befasst sich mit aktuellen Themen der Versicherungs- und Finanzmärkte.
Literatur:
Wird im Rahmen der Veranstaltung bekannt gegeben, da die Literatur von den aktuellen Seminarthemen abhängt.
Bemerkungen:
Neben der Erstellung und Präsentation einer Seminararbeit ist der Besuch einer zweitägigen Blockveranstaltung zum Thema Merger & Akquisation von Dr. T. Oletzky obligatorisch.
Finance
- Asset Pricing (173300)
Termine: Lehrpersonen: Di. 14:30 - 16:00 in I-342 Prokopczuk Inhalt:
- Overview of asset pricing topics, risk aversion and risk premium
- Stochastic discount factor (SDF)
- Mean-variance and beta pricing
- Contingent claims and discount factors
- Factor pricing
- Empirical asset pricing methodologies
Literatur:
- John Cochrane: Asset Pricing, 2005
- Risk Management (173315)
Termine: Lehrpersonen: Mi. 11:00 - 12:30 in I-301 Bunnenberg Inhalt:
During the last years, economies worldwide have suffered from severe financial turbulences. Furthermore - and partly as a consequence of these crises -, the regulation of financial institutions has evolved at an unprecedented pace in the recent past. Today, measuring and controlling financial risks is a vital task not only for banks and other financial intermediaries, but also for nearly all private and public commercial institutions. Eventually, even private investors benefit from the ability to understand fundamentals of financial risk management.
The lecture first introduces the essential measures of financial risk management, the Value at Risk and the Expected Shortfall. Besides their formal definition, several approaches to estimate these figures and their relevant parameters are presented. We will then discuss selected topics in financial risk management, such as market risks of stocks and bonds, foreign exchange risk, hedging strategies for market risks, asset-liability management, and regulatory requirements for banks and insurances. The course concludes with theoretical and empirical findings on the contribution of risk management to the company value.
Literatur:
Relevant text books and academic articles will be provided in class.
Link:
- Exercise Risk Management (173316)
Termine: Lehrpersonen: Mi. 09:15 - 10:45 in I-301 Bunnenberg Inhalt:
See information about the lecture 'Risk Management'.
Link:
- Seminar zu quantitativen Methoden (173350)
Termine: Lehrpersonen: Blockveranstaltung (Gruppe 1) Claußen, Dierkes (Gruppe 2) Prokopczuk (Gruppe 3) Steffen Meyer (Gruppe 4) Breitner, H.-J. von Mettenheim (Gruppe 5) Bertram Inhalt:
Students write a term paper (Seminararbeit) on different topicsof finance and present their work in a final meetingwhich alsoincludes group discussion.
Literatur:
Will be provided by the individual supervisors.
Bemerkungen:
The seminar is organized in 5 different groups with different focuses. Students have to select one of these:
Group 1: Banking and Finance (Prof. Dierkes, IBF)
Group 2:Quantitative Investment Management(Prof. Prokopczuk, FMT)
Group 3: Empirical Finance (Prof. Meyer, GIF)
Group 4: Computational Finance (Prof. Breitner/Jun.-Prof. v. Mettenheim, IWI)
Group 5: Quantitative Methods in Finance (Dr. Bertram, STAT)
Information on the schedule, topics and application deadline will be provided on the webpages of the respective institutes (IBF/FMT/GIF/IWI/STAT).
Financial Economics
- Risk Management (173315)
Termine: Lehrpersonen: Mi. 11:00 - 12:30 in I-301 Bunnenberg Inhalt:
During the last years, economies worldwide have suffered from severe financial turbulences. Furthermore - and partly as a consequence of these crises -, the regulation of financial institutions has evolved at an unprecedented pace in the recent past. Today, measuring and controlling financial risks is a vital task not only for banks and other financial intermediaries, but also for nearly all private and public commercial institutions. Eventually, even private investors benefit from the ability to understand fundamentals of financial risk management.
The lecture first introduces the essential measures of financial risk management, the Value at Risk and the Expected Shortfall. Besides their formal definition, several approaches to estimate these figures and their relevant parameters are presented. We will then discuss selected topics in financial risk management, such as market risks of stocks and bonds, foreign exchange risk, hedging strategies for market risks, asset-liability management, and regulatory requirements for banks and insurances. The course concludes with theoretical and empirical findings on the contribution of risk management to the company value.
Literatur:
Relevant text books and academic articles will be provided in class.
Link:
- Exercise Risk Management (173316)
Termine: Lehrpersonen: Mi. 09:15 - 10:45 in I-301 Bunnenberg Inhalt:
See information about the lecture 'Risk Management'.
Link:
Promotionsstudium
- Finance (77004)
Termine: Lehrpersonen: Blockveranstaltung Dierkes, Prokopczuk Bemerkungen:
There will be a kick-off meeting at the beginning of term. The time and location will be announced on stud.ip.
Doktorandenkolloquium
- Doktorandenseminar Finance (70514)
Termine: Lehrpersonen: Di. 12:45 - 14:15 in I-112 Dierkes, Prokopczuk Inhalt:
PhD students in finance present their research projects.
Forschungsveranstaltungen
- Finance Research Seminar (77782)
Termine: Lehrpersonen: Mi. 14:30 - 16:00 in I-063 Bunnenberg, Dierkes, Steffen Meyer, Parolya, Prokopczuk, Sibbertsen Inhalt:
External guests present their latest research