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Indian Institute of Management Bangalore

Debt & Money Markets: Concepts, Instruments, Risks and Derivatives

Indian Institute of Management Bangalore via edX

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In this course, part of the Professional Certificate program ‘Risk Management in Banking and Financial Markets’, we will examine the structure and functioning of money markets (short-term financial markets) as well as debt markets, the manifestation and impact of interest rate risks in those markets and how are they managed/mitigated.

The first part of this course will examine in detail money markets (short-term financial markets) such as call money markets, T-bills markets, repo markets, etc. that make up the ecosystem to effectively manage money supply (liquidity) and ensure stability of the financial system in the short-term.

The second part of this course will look at debt markets, the underlying theories such as time value of money, bond pricing and bond valuation, as well as the structure and functioning of debt markets including corporate bond market, government securities (T- bond) market and mortgages market.

Interest rate and inflation together are the most significant macro-economic variables that impact global financial markets, particularly debt markets, even more so given the free flow of capital across countries and the consequent emergence of globally interconnected financial systems. As a result, managing interest rate risks and its consequent impact on the riskiness and volatility of instruments traded in the money and debt markets have become exponentially more complex.

This course will address the tools and techniques to manage the heightened level of interest rate risks. It will also look at derivative products such as futures, swaps and options and their role in not only helping institutions to hedge against those risks but also to speculate and make additional profits where possible. 

This course is part of IIMBx's Professional Certificate program ‘Risk Management in Banking and Financial Markets’. 

Taught by

PC Narayan



5.0 rating, based on 3 Class Central reviews

Start your review of Debt & Money Markets: Concepts, Instruments, Risks and Derivatives

  • Anonymous
    This course is good to know about risk and derivative markets and how it uses in our real life. But finally I missed final exam which was conducted by edx after the course was completed. If u have any possibility plz provide the final exam which was most graded questions it will help the students to now how much they gained knowledge of learning this course

    Thank you so much for providing this type of course
  • Anonymous
    It is a great learning experience especially on topics like Modified Duration and would expand my knowledge.

    If excel working can be shared with learner, it would be of great help.
  • Anonymous
    good for finance studentw
    good for understanding the markets and making them easy for us
    all the topic were broadly covered and it helped us in the mba course

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