Applications are now closed.
Registration has ended for the 2016 edition of this program.
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.
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.
All courses include 10 hours of lecture and 5 hours of practical time.
Freixas, X. and Rochet, J.C., Microeconomics of Banking , 2nd edition, MIT Press, 2008.
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.
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.
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. In this course, we examine the good and bad performance record of bank regulation and analyze the challenges facing bank regulation in the post-crisis world.
The class has three parts. We begin 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 and liquidity requirements, the bank safety net, and failed bank resolution policies. Next, we attempt to learn some basic lessons from the pre-crisis era, a period of adjustment and experimentation. Bank regulations were repeatedly tightened and loosened—in response to banking crises, technological change, and social fairness concerns—and regulation became international in scope. The final and largest part of the class concerns bank regulation during and after the global financial crisis. We ask two main questions: How did regulation contribute to the crisis? Will the ongoing re-regulation of the banking system solve the underlying problems?
The main issues and arguments will be based on bank regulations from both Europe and the US. Academic and government research studies will be presented to provide evidence in favor of, or opposed to, these regulations.
Dr. Robert (Bob) DeYoung is the Capitol Federal Distinguished Professor in Financial Markets and Institutions at the University of Kansas School of Business. He is also co-editor of the Journal of Money, Credit and Banking; a senior fellow at the FDIC’s Center for Financial Research; and an adjunct member of the economics faculty at the University of Limoges. Prior to joining the finance faculty at Kansas, Bob held a number of positions at US bank regulatory authorities: an associate director of research at the FDIC (2005-2007); an economic advisor at the Federal Reserve Bank of Chicago (1998-2005); and a senior financial economist at the Office of the Comptroller of the Currency in the United States Treasury Department (1992-1998). Bob has written extensively on the performance of financial institutions, markets, and public policy in leading academic journals, in regulatory publications, and in the financial press. He holds a bachelors degree from Rutgers University-Camden and a doctoral degree in economics from the University of Wisconsin-Madison.
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.
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.
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: firstname.lastname@example.org
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.
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 and hotels, shared apartments, and student halls.
For more information, see the "Discounts" section of our accommodations 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 listed are for the 2016 edition.
|Price for each course|
|Regular Fee||1200 €|
|Reduced Fee*||675 €|
Discounts for registration in more than one course:
|Number of courses||Discount applied|
|2 courses||25% discount|
|3 courses||35% discount|
|4 courses||45% discount|
Notes about Summer School fees: