The Barcelona Banking Summer School offers a variety of courses taught by recognized experts in their fields.
Summer courses cover recent developments in different areas of banking, including theoretical and empirical aspects of banking, banking regulation and supervision, financial markets and payments systems. During the courses, the faculty are available to discuss research ideas and projects with the program participants.
Who will benefit from this program?
- Graduate students specializing in banking and financial markets
- Faculty members or researchers
- Central bankers and regulators wishing to brush up on their knowledge of the field and be exposed to the latest advances in academic research
Course schedule for 2017
The schedule of the Barcelona Banking Summer School is designed to allow students to participate in all courses offered. However, courses can also be taken individually.
* Paper presentations will only take place if sufficient papers are submitted.
All courses include 10 hours of lecture and five hours of practical time. You may apply for one or more of the following courses. Click to view descriptions and instructor biographies:
- To understand the role of imperfect information and the role of financial institutions in the economy
- To understand the specifics of banking
- To understand bank runs
Freixas, X. and Rochet, J.C., Microeconomics of Banking , 2nd edition, MIT Press, 2008.
- Why do financial intermediaries exist?
- The industrial organization approach to banking
- Macroeconomic consequences of financial intermediation
- Individual bank runs and systematic risk
- Banking regulation
About the Instructor
Xavier Freixas is Dean of the Undergraduate School of Economics and Business Administration and Professor at Universitat Pompeu Fabra, Research Professor of the Barcelona GSE, and Research Fellow at CEPR. He is Chairman of the Risk Based Regulation Program of the Global Association of Risk Professionals (GARP) and past president of the European Finance Association.
Professor Freixas has previously been Deutsche Bank Professor of European Financial Integration at Oxford University, Houblon Norman Senior Fellow of the Bank of England and Joint Executive Director Fundación de Estudios de Economía Aplicada FEDEA), and 1989-91, Professor at Montpellier and at Toulouse Universities. He has been a consultant for the European Investment Bank, the New York Fed, the European Central Bank, the World Bank, the Interamerican Development Bank, MEFF and the European Investment Bank.
He is Associate Editor of Journal of Financial Intermediation, Review of Finance, Journal of Banking and Finance and Journal of Financial Services Research . He has published a number of papers in the main economic and finance journals ( Journal of Financial Economics, Review of Financial Studies, Econometrica, Journal of Political Economy , …). Professor Freixas is known for his research work in the banking area as well as for his book Microeconomics of Banking (MIT Press, 1997), co-authored with Jean-Charles Rochet.
Empirical Banking - Applications
The objective of this course is to present empirical applications of relevant questions for both banking theory and policy, mainly related to Systemic Risk, Crises, Macroprudential and Monetary Policy. An important objective is to read and understand scientific papers in empirical banking; to accomplish this objective, emphasis is placed on illustrating research methodologies used in empirical banking and learning the application of these methodologies to selected topics.
- Credit cycles
- Securities and credit registers; large datasets
- Fire sales, market and funding liquidity
- Bank capital and macroprudential regulation
- Risk-taking and credit channels of monetary policy
- Real effects of financial shocks
- Moral hazard vs. behavioral based risk-taking
- Secular stagnation, banking and debt crises
- Interbank contagion, bank runs and systemic risk
- Banking globalization
- Capital controls and capital flows to emerging markets
- Macro vs. micro prudential policy
About the instructor
José-Luis Peydró is ICREA Professor of Economics at UPF, Barcelona GSE Research Professor, CREI Research Associate and CEPR Research Fellow. His research on Banking and Systemic Risk has been published in the top journals in Economics and Finance such as JFE, RFS, JF, AER and Econometrica. Professor Peydró has presented his research in top universities including Harvard, MIT, Princeton, Stanford, Columbia, NYU, LSE, Oxford and LBS and in policy organizations such as the Federal Reserve Board, New York Fed, IMF, WB, BIS, ECB, Bundesbank, and Bank of England, and has written a book on "Systemic Risk, Crises and Macroprudential Policy" published by MIT Press. José-Luis is currently a Member of the European Systemic Risk Board in Frankfurt, holds a PhD in Finance from INSEAD and a Master in Economics from CEMFI, and was awarded with the first prize by the Government of Spain for the student with highest GPA in finishing a BA in Economics in Spain in 1998.
The banking system is an essential, but unpredictably fragile, foundation for our market economies. To prevent this foundation from collapsing, we regulate banks more extensively than any other market sector. But our regulatory efforts have too often been unsuccessful.
The course begins with a brief history of banking and bank regulation, focusing on the genesis and evolution of the main facets of bank regulation: deposit insurance, capital requirements, liquidity rules, systemic risk and macro-prudential regulation, the bank safety net, and failed bank resolution policies. We then study how bank regulation failed during the global financial crisis, and perhaps more importantly, consider whether bank regulation helped cause the crisis. Finally, we study the ongoing re-regulation of banks since the crisis (e.g., Basel III, Single Supervisory Mechanism, Dodd-Frank), and discuss whether or not these modernized approaches will solve or exacerbate the underlying problems.
All of the main issues and arguments in this class are based on bank regulations from both Europe and the US. Academic and government research studies will be presented to provide evidence of how well or how poorly regulation has worked in the past. The course concludes with a bold proposal for rethinking our standard approach for regulating banks.
About the Instructor
Dr. Robert (Bob) DeYoung is the Capitol Federal Distinguished Professor in Financial Markets and Institutions, and Otto Professor of Austrian Economics, at the University of Kansas School of Business. He is also co-editor of the Journal of Money, Credit and Banking. He has published 100 articles and essays in academic journals, regulatory publications, and the financial press, and has testified on multiple occasions to the United States Senate Banking Committee. Prior to joining the finance faculty at Kansas, Bob was an associate director of research at the Federal Deposit Insurance Corporation (2005-2007); an economic advisor at the Federal Reserve Bank of Chicago (1998-2005); and a senior financial economist in the United States Treasury Department (1992-1998).
Empirical Banking - Methodological Aspects
The objective of this course is to read and understand scientific papers in empirical banking. To accomplish this objective, emphasis is placed on illustrating basic research methodologies used in empirical banking and learning the application of these methodologies to selected topics. The research methods that are specifically discussed in the class are cross-sectional research methods and the inter-temporal event study methodology. The topics that are covered include (but are not limited to) applications of Discrete Choice, Multinomial Logit, Duration, Simultaneous Equations and Event Study Methodology, and as an area of particular interest the Geography of Banking. It is evident that any empirical research should be based on theoretical foundations. All students are therefore expected to have an active interest in banking theory. Opportunities are offered during the course to explore selected theoretical models upon which empirical applications are based.
- General methodologies
- Cross-sectional research methods
- Discrete Choice, Multinomial Logit, Duration, Simultaneous Equations
- Event Study Methodology
- Geography of Banking
About the Instructor
Steven Ongena is a professor in banking at the University of Zurich and the Swiss Finance Institute. He is also a research fellow of CEPR. He has published more than 45 papers in refereed academic journals, including in the American Economic Review, Econometrica, Journal of Finance, Journal of Financial Economics, Journal of International Economics, Management Science and Review of Finance, among other journals, and he has published more than 45 papers in books and other collections. He is currently an associate editor of the Journal of Finance, a co-editor of the International Review of Finance, and he serves as an associate editor for a number of other journals. In 2009 he received a Duisenberg Fellowship from the European Central Bank and in 2012 a NYU Stern-Fordham-RPI Rising Star in Finance Award.
The following texts are required and are included in the admission fee:
Banking Theory course:
Freixas, X. and Rochet, J.C., Microeconomics of Banking, 2nd edition, MIT Press, 2008.
Empirical Banking - Methodological Aspects:
Degryse, H., Kim, M., and Ongena, S., Microeconometrics of Banking Methods, Applications, and Results, Oxford University Press, 2009.
Call for papers
There is a call for papers for students who wish to present their work. Students are encouraged to present their research papers. If you are interested in submitting a paper for review, please make your submission to email@example.com
Please put "Banking call for papers" in the subject line of your email. The deadline for submitting papers is May 30, and the schedule for the presentation of papers will be announced when the selection of papers has been finalized.
Paper presentations will only take place if sufficient papers are presented.
- Strong background in economics or related fields
- Working knowledge of English
There is limited space in the Barcelona GSE Summer School Courses. Among the candidates who meet the eligibility criteria, the Barcelona GSE will select those with more outstanding professional and/or academic careers. Experience in financial institutions such as central banks will be valued.
Interested candidates should apply before May 30. After this deadline, your place may not be guaranteed. Capacity of the courses is limited. Some courses may close before May 30 depending on demand.
Applications will be evaluated by the program directors and candidates will be informed of their decision. A document will be attached to our response with payment information. Before applying, please read through the summer school cancellation policy and other regulations.
A wide range of short-term accommodation is available near campus for Barcelona GSE Summer School participants. Students and participants can take advantage of discounted offers by booking accommodation with one of our housing partners. These partners will be able to provide various affordable accommodation options tailored to suit different needs, including: flats, hostels, hotels, shared apartments and student halls.
For more information, see the "Discounts" section of our accommodation page.
At the conclusion of the Summer Schools, participants will receive a certificate for the number of hours attended. All Barcelona GSE courses require an average of twice the lecture hours for readings, pre-readings and class preparation. Interested students should check with their universities to see if these hours are transferable into ECTS credits.
Fees and discounts
Fees listed are for the 2017 edition.
|Regular Fee||1200 €|
|Reduced Fee*||675 €|
* Reduced fee applies to PhD/Masters students, including current Barcelona GSE students.
|Early bird (book and pay before 1 April 2017)||10%|
|3 or more courses**||25%|
|Barcelona GSE alumni||10%|
|Barcelona GSE partner organizations||10%|
** Multiple course fee discounts will only be applied to named individuals booking and paying for more than one course for their own use.
Notes about Summer School fees:
- Fees vary by program: please check summer school program pages for individual course fees.
- All discounts are accumulative, e.g. alumni booking two or more courses will receive a further 10% discount off the total after the multiple course discount has been applied.
- Fees include any materials required for the course as indicated, coffee breaks every day of the week, networking dinner on Tuesday, and farewell dinner on Thursday.