| OVERVIEW
Why do banks exist? Why are they unique? Why and how do we regulate
banks? How do banks and financial markets transfer excess funds from savers
to borrowers? Why and how do we regulate the financial markets? Why and
how did we create the institution of a central bank? What is monetary policy?
How does it affect the rates on car, home, student loans etc.? How does
monetary policy affect the aggregate economy in general? Why and how
financial innovations and gaps in financial regulation may have contributed
to the current financial crisis? Why did Lehman Brothers fail, while Citibank
survives? What did we learn from the current crisis? How can you insulate
your business from the adverse effects of financial crises?
Answers to questions such as these will not only help managers make more
informed business decisions but also will better prepare them for their own
lifetime consumption-saving choices. Familiarity with the fundamental
underpinnings of the modern financial world and the roles of its major players
are essential to running any successful business and to playing an active
role in utilizing and influencing our rich and complex financial architecture.
LEARNING OUTCOMES
The key objective of this course is to familiarize managers with the modern
financial system and its key players. In this course we will understand how
the financial system acts as a conduit of transferring the excess funds from
savers to borrowers, why this role is so essential to the proper functioning of
our economy, and why and how public institutions are vital to the efficiency and stability of the modern financial system. This knowledge is going to be
essential to managers as they become leaders of our business world and
active participants of our democratic economy.
LEARNING THEMES
- Structure of the financial system
- An economic analysis of financial structure, banks and non-bank financial
institutions
- Understanding the behavior of interest rates
- Risk and term structure of interest rates
- Banking industry and the economic analysis of banking regulation
- Financial crisis around the world
- Understanding the current financial crisis and the lessons for your
business and the regulation of financial system
- Structure of central banks and the Reserve Bank of India (RBI)
- Tools of monetary policy
- General conduct of monetary policy and international experiences
- The international financial system
- Efficacy and challenges of modern monetary policy
PEDAGOGY
The program will primarily rely on lectures as mode of communicating the
economic theories behind the workings of our financial system, which will be
appropriately supplemented by country experiences and class discussions.
PARTICIPANT PROFILE
The participants of this program will require basic knowledge of economics
acquired through either formal training or on-the-job experience. An
organization can be seen as a microcosm of the entire economy. Managers who aspire to take up leadership positions in their organizations will find this
program helpful in painting a bigger picture of their own organizations and in
recognizing its connection to the rich and complex financial world. Managers
who are already at senior-level positions in their organizations will also find
this program helpful in familiarizing themselves with the key players of our
financial system and in coming up with appropriate strategies to better utilize
and influence our financial architecture in order to achieve their organizational
goals.
PROGRAM DIRECTOR
Prof. Shubhasis Dey
LAST DATE
Nomination forms duly filled along with the Course Fee should reach the
MDP Office latest by May 22, 2010.
FEE
Residential : Rs. 19,500.00
Non-Residential : Rs. 16,500.00
CANCELLATION POLICY
In the event of cancellation of nomination, full refund of the program fee will be made, if request is received in writing at least 15 days before commencement of the program. No refund will be made if such a request comes after this date. However, the amount can be adjusted against nominations in future programs in the financial year 2010-11.
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