Money, banking & payment systems, Challenges of digitization
Origin and history of money
Functions, and characteristics of money
Basics of banking and design of payment systems, challenges of digitization
Blockchain and Cryptocurrency market
Blockchain technology overview
The impact of blockchain on finance, Nakamoto Consensus, cryptography, bitcoin mining, and mechanics, altcoins, different aspects of owning cryptocurrency
Buying and selling, wallets, exchanges, risks and trade-offs of decentralized networks, technical challenges, Cryptocurrency-portfolios in a mean-variance framework
Common risk factors in cryptocurrency, asset pricing models, impact of investor sentiments on crypto market, various sentiment indicators like, GSVI, twitter sentiment etc., connectedness with other markets
Central Bank Digital Currencies (CBDCs)
Emergence of CBDCs across the countries
The distinction between CBDC and private currencies like Diem
Different models of CBDCs, the role of the state in the financial system, the future of money
Central Bank Digital Currencies (CBDCs)
Emergence of CBDCs across the countries
The distinction between CBDC and private currencies like Diem
Different models of CBDCs, the role of the state in the financial system, the future of money
Introduction to Climate Finance
Climate finance
Environmental finance, Green finance
Climate change risk, UNFCC, and Kyoto protocol
Carbon Trading, ESG and Socially Responsible Investment (SRI) Funds
Fundamentals of Sustainable investing
Principles
Types of screening
Relationship between financial performance and screening intensity
Economic and Financial Effects of Environmental Regulation
Major SRI markets
USSIF-Trends
Sustainable investors
Strategies used by sustainable investors
EUROSIF- 7 responsible investment strategies
European SRI Transparency Code, EU Green bond standard
European Union Emission Trading Scheme (EU-ETS)
Introduction to EU-ETS
Principles, and objectives of EU-ETS, structure, phases, and reform in EU-ETS
Allowance allocation mechanism
Market stability reserve, Major organized exchanges
Emission trading scheme in other countries
China, US, UK, South Korea, New Zealand, etc.
Financial instruments in carbon markets
Price drivers in EU-ETS
Marginal abatement cost
Energy prices
Renewable energy supply, weather variation, banking of allowances
Carbon price forecasting and market connectedness
Volatility estimation
Financial models for price and volatility forecasting
Carbon market connectedness with stock, energy, and other commodity markets,