FIN809S Financial Sector Transformation

School of Business Administration in Karvina
Winter 2007
Extent and Intensity
0/2/0. 5 credit(s). Type of Completion: zk (examination).
Guaranteed by
prof. RNDr. Stanislav Polouček, CSc.
Department of Finance and Accounting – School of Business Administration in Karvina
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives (in Czech)
The goal of the course is to explain basic features of financial sector transformation in Central European countries. It covers topics as a conception of money and functions of money in a market economy, a position and role of financial institutions, financial instruments and financial markets in a market economy. The specific topics cover mergers and acquisitions in banking sector, competition and concentration in financial sector and influence of voucher privatisation on financial sector. Privatisation of banking sector will be covered, too. The course considers specific conditions of the Czech Republic, Slovakia, Poland and Hungary during transition onto a market economy in the light of recent changes in European Union, respectively European Monetary Union.
Syllabus (in Czech)
  • Topics covered:
    1. Financial system
    Financial system as a complex of financial instruments, financial markets and financial intermediaries. Lenders and borrowers. Transition of savings into investments. The financial system and the real economy.
    2. Financial and banking sector structure
    Financial and banking sector structure: theory and practise. Growing number of banks during transition process. Small and large banks. Competition in banking sector.
    3. Mergers and acquisitions in banking sector
    Banks, branches, and offices. Mergers and creation of value. Bank mergers and acquisition strategies. Reasons/hypotheses for bank mergers. The nature of the acquisition premium. Regulatory concerns: safety, stability, and structure.
    4. Privatisation of banking sector
    The initial economic environment for privatisation. The restructuring of property rights. Forms of privatisation. Large privatisation: theory and practise. The role of banks and nonbanking financial institutions in privatisation. Banks privatisation in transition countries.

Literature
    required literature
  • POLOUČEK, S. Reforming the Financial Sector in Central European Countries. Houndmills, Basingstoke, Hampshire: Palgrave Mac, 2004. ISBN 1-4039-1546-6. info
    recommended literature
  • SAUNDERS, A., CORNETT, MM. Financial Markets and Institutions. A Modern Perspective. Boston etc.: McGraw-Hill Irwin, 2001. ISBN 0-07-234892-5. info
  • DECUETO, C., HAJEK, L., ET, AL. Politics and Economics in the Czech Transition. Hradec Králové: Gaudeamus, 2000. ISBN 80-7041-232-1. info
  • BONIN, JP., MIZSEI, K., SZÉKELY, IP., WACHTEL, P. Banking in Transition Economies. Developing Market Oriented Banking Sectors in Eastern Europe. Cheltenham, UK, Northampton, MA, USA: Edward Elg, 1998. ISBN 1 85898 604 4. info
  • SINKEY, JF. Commercial Bank Financial Management. Prentice Hall, 1998. ISBN 0-13-521048-8. info
  • MULLINEUX, AW., GREEN, CHJ. Economic Performance and Financial Sector Reform in Central and Eastern Europe. Capital Flows, Bank and Enterprise Restructuring. Cheltenham, UK, Northampton, MA, USA: Edward Elg, 1998. ISBN 1 85898 806 3. info
  • MEJSTŘÍK, M. The Privatization Process in East-Central Europe. International Studies in Economics and Econometrics. Dordrecht-Boston-London: Kluwer Academic Publish, 1997. ISBN 0-7923-4096-5. info
  • FABOZZI, FJ., MODIGLIANI, F., FERRI, MG. Foundations of Financial Markets and Institutions. .London etc.: Prentice-Hall, 1994. ISBN 0-13-328980-X. info
  • MADURA, J. Financial Markets and Institutions. Saint Paul etc.: West Publishing Company, 1992. ISBN 0-314-87735-5. info
Language of instruction
Czech
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
The course is also listed under the following terms Summer 1991, Summer 1992, Summer 1993, Summer 1994, Summer 1995, Summer 1996, Summer 1997, Summer 1998, Summer 1999, Summer 2000, Summer 2001, Summer 2002, Summer 2003, Summer 2004, Summer 2005, Summer 2006, Summer 2007, Summer 2008, Winter 2008, Summer 2009, Winter 2009, Summer 2010, Winter 2010, Summer 2011, Winter 2011, Summer 2012.
  • Enrolment Statistics (Winter 2007, recent)
  • Permalink: https://is.slu.cz/course/opf/winter2007/FIN809S