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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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376 - 400 of 433 Reviews for Economics of Money and Banking

By Bo-Lian C

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Jan 2, 2017

Excellent!!

By Thaumaturge I

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Aug 23, 2022

Excellent!

By Deleted A

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Sep 9, 2021

Great job!

By Grigoris K

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Nov 21, 2020

Excellent!

By Holger R

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Sep 4, 2017

Very good.

By 彭小杰

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Mar 9, 2017

wonderful!

By Luis R I

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Dec 23, 2022

Excelent!

By Ferdous B

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Dec 5, 2022

fantastic

By Mohamed A R

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Oct 27, 2020

very nice

By Tomas R

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Sep 24, 2020

muy beuno

By Zaza G

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Aug 13, 2020

Excellent

By Javier N

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Sep 9, 2017

Wonderful

By Shreyshth s

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Nov 13, 2024

loved it

By Evaldas J

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Nov 24, 2021

AMAZING

By Otar K

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May 5, 2017

Sublime

By loris b

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Oct 17, 2024

insane

By Francisco S

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Dec 24, 2023

Thanks

By Çağlar K

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Jun 9, 2023

goood

By aditya a t 1

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Nov 7, 2022

great

By Ziqi C

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Jul 12, 2021

Nice!

By Taras V

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Jan 18, 2018

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By Mohammad Z M 2

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Apr 19, 2023

good

By Vinutha V 2

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Mar 18, 2023

good

By HEYRAMB T

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Aug 22, 2019

Nice

By Eray

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Jan 26, 2017

good