Marchés financiers et comportement des investisseurs

Teacher(s)

De Winne Rudy; Desagre Christophe;

Language

French

Main themes

- Financial risk management (interest rates, equity, exchange, credit, etc.)
- Management of financial institutions.
- The European regulation (MiFID) and its implications for the financial industry

Learning outcomes

At the end of this learning unit, the student is able to :
1	- master market analysis techniques and risk management & hedging techniques - understand the functioning of financial institutions and risk-takingrisk hedging under current regulations - analyze and discuss the recent evolution of the European trading landscape

Content

• Market structures & indicators of market quality
• Basic execution strategies
• The European regulation (MiFID) & its implications
• Foundations of modern finance
• Foundations of behavioral finance
• Investor behavior & biases in financial decision-making

Teaching methods

- Lectures
- Exercises

Evaluation methods

- Written examination
 

Bibliography

•Foucault T., Pagano M. & Röell A, 2013, “Market Liquidity: Theory, Evidence, and Policy”, Oxford University Press
•Harris L., 2003, “Trading & Exchanges : Market Microstructure for Practitioners”, Oxford University Press
•Giraud JR. & D’Hondt C., 2006, “MiFID: Convergence towards a unified European capital markets industry”, Riskbooks
•Daniel Kahneman, "Thinking, Fast and Slow", Penguin Books, 2011
•Kahneman D., Slovic P. & Tversky A., 1982, “Judgement under Uncertainty: Heuristics and Biases”, Cambridge University Press
•Broihanne M.-H., Merli M. & Roger P., 2004, “Finance comportementale”, Economica

Faculty or entity

CLSM