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

4.9
stars
1,687 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

GT

Sep 7, 2020

Superb course, taught by a superb professor. It provides you with all the nuances and the intellectual stimulus to dig further deep into money markets, banking and finance.

PM

Jun 27, 2020

Extremely helpful is understanding the money view of banking system. One of the best courses. A small suggestion - it can be interspersed with more examples especially from the emerging markets.

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326 - 350 of 446 Reviews for Economics of Money and Banking

By Weijie Z

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May 17, 2017

Great teacher and great class !

By Rob C

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Oct 25, 2016

Very thorough and great course!

By Maryam M E

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Jun 29, 2020

Best professor and course ever

By David N ( N

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Feb 2, 2018

That is a great classes :))))

By Mstislav T

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Nov 8, 2024

Very good course! Thank you!

By Winsion

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Jul 25, 2020

课程从货币的视角出发去了解整个经济的运作逻辑，十分推荐！

By David W

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Oct 20, 2016

Completely change my view!!

By Armin D

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Dec 31, 2024

I loved every piece of it!

By gagan d

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May 19, 2020

very well designed course.

By Jeremy T

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May 2, 2020

Great learning experience.

By Jin S

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Jul 8, 2019

great course and professor

By dimithra d

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Apr 14, 2024

good very hard to finish

By 賀維格

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Dec 12, 2017

用会计的体系教货币的知识，非常有加值。强烈推荐！

By 钟政昊

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May 11, 2017

Very thought-provoking!

By Ed G

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Apr 12, 2017

Extremely interesting!

By Shah k

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Jul 2, 2024

I got real experience

By Marcus G

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Oct 31, 2021

i have learn a lot...

By BHASKAR A

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Apr 15, 2020

very well structured.

By Isgar B

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Feb 16, 2024

Good overview course

By Naeem T

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Jul 7, 2023

highly recommended!

By Carlos M

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Oct 6, 2020

Excellent professor

By Fernando E D

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Jul 28, 2020

A very good course.

By Roberto Z

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Jun 25, 2020

Brilliant course...

By 李艺凡

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Jul 8, 2018

Very Good Materials

By GURCHINT P S

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Jun 2, 2024

AMAZING KNOWLEDGE.