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FTMBA 2020_II Financial Technologies

Course code
MBA FIN635, MBA FIN635 SI
Course type
FT MBA Course
Weekly Hours
2,0
ECTS
2.0
Term
FS 2020
Language
Englisch
Lecturers
Prof. Dr. Besim Burcin Yurtoglu
Please note that exchange students obtain a higher number of credits in the BSc-program at WHU than listed here. For further information please contact directly the 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

Emergence of Blockchains and Cryptocurrencies

Smart Contracts, Ethereum, and the DAO

Blockchains, Capital Markets, and FinTechs

Digital Transformation: Challenges to Managers

Date Time
Thursday, 30.04.2020 09:00 - 17:00
Thursday, 14.05.2020 09:00 - 17:00
Friday, 15.05.2020 09:00 - 17:00
Saturday, 30.05.2020 23:50 - 23:55
Präsenzstudium 1. Introduction: Financial Systems, Money, and BlockchainBöhme, Rainer, Nicolas Christin, Benjamin Edelman and Tyler Moore, 2015, Bitcoin: Economics, Technology, and Governance, Journal of Economic Perspectives 29(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 Economics 17(1): pp. 37-62.McLeay, Michael, Amar Radia, and Ryland Thomas, 2014, Money Creation in the Modern Economy, Bank of England Quarterly Bulletin Q1, 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 Cryptology 3(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 Systems 4(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 Society 2: 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 Review 20, 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 Finance 21(1): pp. 7–31.Hinkes, Andrew M., 2016, A Legal Analysis of the DAO Exploit and Possible Investor Rights, Bitcoin Magazine.
Lectures

Guest lectures

Case studies

Term paper on a chosen topic or case (in groups35%)

Take home exam (50%)

Active participation (15%)

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