WHU | Logo

PTMBA 2021 Financial Technologies

Kurs ID
Art des Kurses
FS 2021
Prof. Dr. Besim Burcin Yurtoglu
Bitte beachten Sie, dass AustauschstudentInnen im BSc-Programm der WHU eine höhere Anzahl an Credits erwerben als hier aufgeführt. Für weitere Informationen wenden Sie sich bitte direkt an das [International Relations Office].
This course studies technology-driven innovations in the financial sector; including the blockchain and cryptocurrencies, digital advisory and trading systems, peer-to-peer lending, crowdfunding and mobile payment systems. Such innovations can potentially disrupt existing industry structures, reshape their boundaries, and change the way firms create and deliver products and services. At the same time, they create privacy, regulatory and law-enforcement challenges. We study these issues in a format, which combines lectures, case studies, and experts from the industry.

Introduction: Financial Systems, Money, and Blockchain

Blockchains, Cryptocurrencies, Smart Contracts

Blockchains, Capital Markets, and FinTechs

Artificial Intelligence, Machine learning, Deep Learning

Digital Transformation: Challenges to Managers

Date Time
Sunday, 07.03.2021 08:45 - 16:00
Saturday, 13.03.2021 08:45 - 16:00
Sunday, 14.03.2021 08:45 - 16:00
Monday, 05.04.2021 23:50 - 23:55
1. Introduction: Financial Systems, Money, and BlockchainBöhme, Rainer, Nicolas Christin, Benjamin Edelman and Tyler Moore, 2015, Bitcoin: Economics, Technology, and Governance,Journal of Economic Perspectives29(2): pp. 213-238.Carnell, Richard Scott and Macey, Jonathan R. and Miller, Geoffrey P., Banks: Fundamental Concepts (October 2016). Carnell, Macey & Miller: The Law of Banking and Financial Institutions (Wolters Kluwer 2017 Forthcoming); NYU Law and Economics Research Paper No. 16-37.Friedman, Milton and Anna J. Schwartz, 1986, Has Government any Role in Money?Journal of Monetary Economics17(1): pp. 37-62.McLeay, Michael, Amar Radia, and Ryland Thomas, 2014, Money Creation in the Modern Economy,Bank of England Quarterly BulletinQ1, pp. 14–27.The Economist, 2015, The Great Chain of Being Sure About Things.The Economist, 2017, Disrupting the Trust Business.Varian, Hal, 2004, Why Is That Dollar Bill in Your Pocket Worth Anything?New York Times(January 15, 2004).2. Emergence of Blockchains and CryptocurrenciesHaber, Stuart W. and Scott Stornetta, 1991, How to Time-Stamp a Digital Document,Journal of Cryptology3(2): pp 99–111.Harvey, Campbell R., 2016, Cryptofinance.Lamport, Leslie, Robert Shostak, and Marshall Pease. 1982, The Byzantine Generals Problem,ACM Transactions on Programming Languages and Systems4(3): pp. 382-401.Nakamoto, Satoshi, 2008, Bitcoin: A Peer-to-Peer Electronic Cash System.Narayanan et al, Preface pp 3-22.3. How do Blockchains Work?Antonopoulos, Selected parts of Chapter 7 and 8.Narayanan et al, Selected parts of Chapter 1, 2, and 3.Turing, Alan Mathison, 1937, On Computable Numbers, with an Application to the Entscheidungsproblem,Proceedings of the London Mathematical Society2: pp. 230–265.4. Smart Contracts, Ethereum, and the DAOButerin, Vitalik, 2014, Ethereum: A Next-generation Smart Contract and Decentralized Application Platform.Cong, Lin William and He, Zhiguo, 2017, Blockchain Disruption and Smart Contracts.Khapko, Mariana and Zoican, Marius, 2017, Smart Settlement, Rotman School of Management Working Paper No. 2881331.Szabo, Nick, 1997, Formalizing and Securing Relationships on Public Networks,First Monday, [S.l.], Sep. 1997. ISSN 13960466.Szabo, Nick, 1998, Secure Property Titles with Owner Authority.5. Blockchains, Capital Markets, and FinTechsDarolles, S., 2016, The Rise of FinTechs and their Regulation,Financial Stability Review20, pp. 85-92.Goldman Sachs Equity Research, 2016,Profiles in Innovation: Blockchain.Philippon, Thomas, 2017, The FinTech Opportunity, BIS Working Papers, No 655.Yermack, David, 2017, Corporate Governance and Blockchains,Review of Finance21(1): pp. 7–31.Hinkes, Andrew M., 2016, A Legal Analysis of the DAO Exploit and Possible Investor Rights, Bitcoin Magazine.

Guest lectures

Case studies

Term paper on a chosen topic or case (in groups 50%)

Take home exam (50%)

WHU | Logo