Volkswirtschaftlehre, insbesondere Makroökonomie

Payments and Market Infrastructure

Organization

All information regarding the course registration, content and organization will be published in the official PMI ISIS course.

To register for the course and to obtain the ISIS password, please send an E-Mail to Verena Fuhr (v.fuhr@tu-berlin.de) including the following information: First Name, Last Name, Matr. No., TU E-Mail Address, Study Program, Bachelor/Master program, University.


Please note that this course has a capacity limit. In case our limit will be reached, we cannot accept further registrations.

Summer Term 2023

Lecturer: Prof. Dr. Ulrich Bindseil, European Central Bank
Contact: ulrich.bindseil(at)ecb.int

Office hours: by appointment, before or after the lecture

Link (Lecture)

Course registration

To register for the course, please send an E-Mail to Verena Fuhr (v.fuhr@tu-berlin.de) including the following information:
First Name, Last Name, Matr. No., TU E-Mail Address, Study Program, Bachelor/Master program, University

Please note that this course has a capacity limit. In case our limit will be reached, we cannot accept further registrations.

Study Programs

For students of: Master of Industrial and Network Economics (MINE), Wirtschaftsingenieurwesen MSc, Economics BSc, Wirtschaftsingenieurwesen BSc, Innovation Management, Entrepreneurship and Sustainability MSc
Course form: Lecture series (2 SWS), 6 ECTS.

Outline

The course is intended to endow students with the theory and practice of financial market infrastructures, including the relevant financial market instruments, systems, institutions, message formats, legal and regulatory frameworks. Students will be able to understand how financial market operations (including those by the central bank) are actually implemented and anchored, and what economic issues arise in this context.

The course covers the basic functioning of key market infrastructures (CSDs, securities settlement systems, CCPs, CLS, etc.), payment systems (RTGS systems, netting systems, retail payment systems, etc.), and messaging formats and networks (ISO20022, SWIFT). Key related economic questions are identified, such as: efficiency, network externalities, competition, standardization, resilience, cases for regulation, etc., relying on the existing academic literature.

Type

Portfolio examination! For further information about the individual elements, please see the official ISIS course.