Financial Intermediation and Financial Markets
Professor Pilbeam a Professor of International Economics and Finance at City, University of London, gives a talk on Financial Intermediation and Financial Markets. It begins by introducing the language of finance, describing the structure of financial markets and detailing the roles played by financial intermediaries.
The Growth of Financial Markets
Professor Amir Alizadeh-Masoodian provides a lecture on the growth of global financial markets, providing historical context to the relatively fast pace development over the last 40 years, covering contributory factors including: globalisation, trade, technology, regulation, and innovation.
Monetary Policy and Interest Rates (Part 1)
Professor Pilbeam a Professor of International Economics and Finance at City, University of London, discusses how expansionary and contractionary monetary policies affect interest rates and aggregate demand. Particular focus is given to the structure of interest rates, the inverse relationship between the price of bills and the short terms of interest rate, as well as the effects of contractionary monetary policy.
Monetary Policy & Interest Rates (part 2)
Professor Keith Pilbeam continues to provide an in-depth look at the longer-term interest rates and what determines the rates, specifically the various yield curve theories associated. Additionally, other associated subjects are brought to focus including narrow and board money supply, the relationship between base money, bank deposits and broad money and the controlling of the money supply.
Time Value of Money
Professor Amir Alizadeh-Masoodian of the Cass Business school defines what an investment is and the nature of the future time period commitment, then proceeds to explain the classification of assets, the concept of present value and future value, as well as risk and present value, and concludes with the explaining the nature of inflation and the various types of interest rate employed.
Professor Amir Alizadeh-Masoodian gives an informative and enlightening talk on the UK and International money markets and their characteristics including an explanation of the pricing of pure discount instruments, yield instruments, the interbank and LIBOR market, LIBOR and treasury bills, and Euromarket Interest Rates.
Professor Keith Pilbeam looks at both financial institutions and central banks in the UK and worldwide. Specifically, their role and supervisory functions and their structure. Professor Pilbeam explores the type and nature of these institutions, explaining the structure of deposit institutions, the banking and insurance sector, mutual funds and unit trusts, investment companies, hedge funds and private equity.
International Bond Market
Professor Keith Philbeam examines the International Capital Markets, charting their rise since the 1960s. This session focuses specifically on Domestic Bonds, Foreign Bonds and Eurobonds. Topics explained within this area includes the origins and development of the Eurobond, the most common types of Eurobond and features of a typical Dollar Eurobond issue, as well as the selling of them.
Government Bond Market
Professor Amir Alizadeh-Masoodian introduces this session with an explanation of Bonds and the Bond Market. The talk then progresses onto the different types off Bonds offered including Domestic Bonds, Foreign Bonds and Eurobonds, and then examines the types of issuers such as Government Bonds, Municipality bonds and Corporate bonds, identifying their main characteristics and the respective principals of Bond Valuation. The session then culminates with a focus on Government bond pricing, and an explanation of Yield to Maturity with an example of the relationship between Yield and Bond prices.
Corporate Bond Market
Professor Amir Alizadeh-Masoodian introduces this session with a description of a Corporate Bond and the types and forms of such bonds, including medium terms notes, high yield and serials bonds. The session then moves on to explain the associated risks and the role of credit rating agencies and the 'grading' of companies and the credit rating of corporate bonds. Professor Amir ends the lecture with a very informative explanation of the credit rating systems on the corporate debt and Corporate Bond innovations.
Bond Price Volatility and Duration
In this lecture, Professor Keith Philbeam explains the relationship between Yield and Bond prices, and specifically Bond price volatility and yields to maturity. The session then focuses on providing an explanation and example of volatility and a commonly used model, the Macaulay Duration, explaining the concept of modified duration, the duration of a portfolio of Bonds and formulas, and lastly the usefulness of duration.
In this lecture, Professor Amir Alizadeh-Masoodian introduces us to the importance of valuing investment proposals and projects, their objectives, considerations, and definition of the investment criteria. The Professor then goes on to explain the benefit of NPV, taking into account the time value of money, and the profitability index when resources are limited, and then wraps up with a look at the payback period and the importance of Internal Return (IRR), with an example.