Financial Markets: Collateral, Repo and Credit Default Swaps
- Start date:
- To be confirmed
- Centre for International Macroeconomic Studies
- Email: email@example.com
Given the spread of the Coronavirus and the difficulty in air travel we have decided to deliver the Summer school in an online format. This decision has been made to ensure the safety of our participants, our colleagues, and all those involved with the Summer School. The Summer School 2020 was also held online and it was very successful and enabled many participants to attend from all over the world without the need to travel.
The course will be conducted using Zoom platform. The university and the lecturers have extensive experience with online teaching and have state-of-the-art systems to do so as well as being able to deliver highly interactive lectures. Though we will do our best to record all the sessions, we expect participants to attend them live to enable them to interact with lecturers and ask questions.
This course can also be taken as part of:
The lectures will take place via Zoom. Please note that all participants are required to have their own copy of Matlab since you will be using your own computers. You can download a 30-day free trial of the software beforehand.
This course will look at:
- Recourse and non-recourse loans, credit secured by durable goods, and the impact of collateral margins on the price of the collateral
- Short term loans backed by securities, over-the-counter versus centrally cleared repo markets, leverage and short-sales, and repo specialness
- The impact of repo margins on security prices, evidence from the European sovereign debt crisis, credit default swaps and the impact of their margins on security prices
- The cross-currency-basis and repo, deviations from covered interest rate parity and secured funding frictions, the basis and the unsecured-secured interest rate spread, evidence from the 2008 crisis, and central bank interventions.
Learning and teaching methods
You will be sent computer codes, lecture notes, and slides ahead of the course and will also receive direct assistance before the Summer School starts in order to set up all the systems ahead of the online events.
There will be opportunities to discuss your projects and research ideas. This will occur both informally during the virtual coffee breaks and virtual dinners, as well as formally during the conference. After the Summer School, lecturers will be available to answer questions and discuss your projects.
Applicants must have:
- A background in economics
- A working knowledge of English
- A knowledge of RBC and NK models.
Fees and funding
Fees are to be confirmed
How to apply
Applications are currently closed. Please register your interest with us at firstname.lastname@example.org, so we can let you know when the next course is running.
Terms and conditions
When you accept an offer of a place at the University of Surrey, you are agreeing to comply with our policies and regulations and our terms and conditions. You are also confirming you have read and understood the University's prospective student privacy notice.
Further details of our terms and conditions will follow.
This online prospectus has been prepared and published in advance of the commencement of the course. The University of Surrey has used its reasonable efforts to ensure that the information is accurate at the time of publishing, but changes (for example to course content or additional costs) may occur given the interval between publishing and commencement of the course. It is therefore very important to check this website for any updates before you apply for a course with us. Read the full disclaimer.
Course location and contact details
Campus locationStag Hill
Stag Hill is the University's main campus and where the majority of our courses are taught.
- Email: email@example.com
University of Surrey
Surrey GU2 7XH