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Learner Reviews & Feedback for Economics of Money and Banking by Columbia University

4.9
stars
1,638 ratings

About the Course

The last three or four decades have seen a remarkable evolution in the institutions that comprise the modern monetary system. The financial crisis of 2007-2009 is a wakeup call that we need a similar evolution in the analytical apparatus and theories that we use to understand that system. Produced and sponsored by the Institute for New Economic Thinking, this course is an attempt to begin the process of new economic thinking by reviving and updating some forgotten traditions in monetary thought that have become newly relevant. Three features of the new system are central. Most important, the intertwining of previously separate capital markets and money markets has produced a system with new dynamics as well as new vulnerabilities. The financial crisis revealed those vulnerabilities for all to see. The result was two years of desperate innovation by central banking authorities as they tried first this, and then that, in an effort to stem the collapse. Second, the global character of the crisis has revealed the global character of the system, which is something new in postwar history but not at all new from a longer time perspective. Central bank cooperation was key to stemming the collapse, and the details of that cooperation hint at the outlines of an emerging new international monetary order. Third, absolutely central to the crisis was the operation of key derivative contracts, most importantly credit default swaps and foreign exchange swaps. Modern money cannot be understood separately from modern finance, nor can modern monetary theory be constructed separately from modern financial theory. That's the reason this course places dealers, in both capital markets and money markets, at the very center of the picture, as profit-seeking suppliers of market liquidity to the new system of market-based credit....

Top reviews

BG

Jul 17, 2017

An intellectually engaging course opening a debate about how we think about markets and how we should tackle the current challenges. Accessible to non-economists. I warmly recommend it to everyone.

FY

Jan 25, 2019

Excellent explanation of the way money moves the world we live in today. Brilliant professor who's passion and depth of understanding adds to the fascination of the world of money & banking.

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351 - 375 of 433 Reviews for Economics of Money and Banking

By Peter K

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Aug 20, 2017

Excellent course.

By MANUEL P M

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Aug 21, 2024

Very good course

By Marcus C

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Feb 23, 2022

Excelent course!

By Ivan L

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Jul 2, 2019

Excelente curso.

By Jean-Charles G

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Apr 29, 2019

Very interesting

By kaustubh t

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Feb 16, 2019

so much to learn

By Shingo K

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Apr 8, 2018

very insightful!

By Maduvha N

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Oct 15, 2017

very informative

By MAURICIO W

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Aug 2, 2017

Very interesting

By Hussain A

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Nov 16, 2016

Excellent Course

By Савина О Д

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Dec 23, 2018

Awesome course!

By 陈香

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Oct 5, 2016

很熟悉的感觉，板书的老师很棒！

By Chirag A 2

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Apr 20, 2023

amazing course

By Christian A

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Feb 28, 2021

Perry is a god

By Alexander

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Mar 31, 2017

Astonishing!=)

By Mathi S

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Sep 8, 2024

its very good

By Joel R V

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Sep 14, 2020

superb course

By Josemartin C

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Dec 24, 2018

It was great!

By Sebas G

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Apr 27, 2018

indispensable

By Alejandro A

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Jan 6, 2018

Excellent!!!!

By João P C d C

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Jun 22, 2020

Baita curso!

By Saran P

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Apr 14, 2018

Good course!

By George G

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Jun 7, 2017

Excellent!!!

By Rafael C A d R

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May 3, 2024

Phenomenal.

By Ariel A M G

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Jul 18, 2020

good course