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

1,299 ratings
354 reviews

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

Jul 16, 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.

Nov 17, 2017

This course is really useful to me ... I was always interested on monetary and fiscal policies and associate mechanism in Macroeconomics and this course covers the Monetary part in good details.

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151 - 175 of 350 Reviews for Economics of Money and Banking

By Nick D

Apr 21, 2021

An excellent well articulated Professor that takes you on an intellectual journey through T charts and theory.

By Saurabh K

Nov 8, 2017

The course extremely helpful for people who are interested making their career in Banking.

I like this course.

By Leonardo C d J

Sep 17, 2020

An excellent course taught by an excellent professor from an excellent university. I highly recommend it!

By callum s

Aug 14, 2020

Builds from initial concepts and history to explain how money and finance work at a global level today.

By Edi P

Aug 7, 2020

Well explained, I like the "balance sheet" approach to explaining various topics covered in the course

By Alan F

May 3, 2019

So far just extremely insightful, inspiring and life-changing. Plus well-organized and well-explained.

By Sebastian A H

Sep 9, 2019

This course gives a very broad framework of banking with a clear explanation of how the system works.

By de f h

Aug 10, 2018

The best course I've ever had. When will Prof. Mehrling's History of Economic Thought be broadcasted?

By Aarav M

Feb 23, 2021

Excellent has lead me to understand the markets and systems in an intuitive and professional manner.

By Cheng Z

May 31, 2020

Best money and banking course ever from someone working in the industry for years after granudation

By advet g

Nov 22, 2020

my experience was so good . i suggest you everyone , please join this course for successful future

By Jeremy A

Apr 28, 2019

Excellent course! Highly recommended for anyone interested in understanding the financial crisis.

By Jagannathan I

Jun 21, 2018

Amazing course to learn more about the nitty gritty of money markets that keep the world running!

By Luc M

Oct 12, 2017

This is one of the most favourite course I have ever come across in Coursera. Highly recommend!!!

By Zongxi Y

May 19, 2017

This course is really useful and help me know more about the relationship between Money and Banks

By Roussille A

May 6, 2017

Great course !! Very interesting and the teacher is great. The understanding is quick and simple.


Jan 3, 2022

Amazing course! The teacher is great and he focused on the deep meanings of monetary economics.

By Silvester V

Aug 22, 2021

rockstar course. great quality content, engaging professor. doesn't get much better than this.

By Matheus C

Jun 21, 2020

Ótimo curso para pessoas que estão buscando aprimorar seus conhecimentos em economia mundial.

By antonio b

Jun 3, 2020

Amazing Course on finance! It should be available to all graduate student in all disciplines!

By Cristian E E N

Feb 11, 2020

Very good course and excellent teacher! You can see his passion for the subjects he teaches.

By Shahab M

Jan 23, 2019

Exceptional. Really fascinating course for a regular person to understand money and banking.

By Jesús P

May 1, 2020

Impresionante el curso, la mejor formación sobre el negocio bancario que he podido tener.

By Joviano C d P J

Dec 23, 2019

This is a very good course, with a whole perspective about how the banking system works.

By John B

May 12, 2021

Fantastic. Excellent teacher, I learned a lot. Thanks for putting this course together.