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

4.9
stars
1,085 ratings
298 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

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.

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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201 - 225 of 293 Reviews for Economics of Money and Banking

By Gerardo H J B

Aug 23, 2017

Extraordinary course! Really insightful.

By Jesper o D

Sep 07, 2019

Brilliant, a constant source to think!

By Sydney D L

May 31, 2019

A good class to know about the subject

By Kevin T

Jul 18, 2017

Outstanding presentation all around !

By Jasurbek B

Dec 25, 2016

Good MOOC with distinguished lecturer

By Anoushka H

Aug 30, 2020

Great course! Helped me learn a lot.

By E H

May 16, 2020

THE COURSE WAS GREAT AND AWESOME !!!

By Lilit

Nov 04, 2019

Amazing professor and amazing class!

By alexgesch

Jan 29, 2017

Great course with a lot of insights!

By Zhang Y

Jan 19, 2017

Real course, learned a lot from Prof

By Steven B

Aug 12, 2017

Excellent material and instructor.

By mathieu.primot

Oct 28, 2016

A very clear introduction to money

By Andrei C

Aug 24, 2020

Very interesting and entertaining

By Matas J

Oct 02, 2019

Excellent course! Great lecturer!

By Abdullahi H A

May 30, 2019

this course is career development

By saurabh p

Jul 22, 2017

make it more of a practical view

By Alexandre B

Jul 16, 2020

Very good course and professor!

By Weijie Z

May 17, 2017

Great teacher and great class !

By Robert C

Oct 25, 2016

Very thorough and great course!

By Maryam M E

Jun 29, 2020

Best professor and course ever

By Nguyen Q H

Feb 02, 2018

That is a great classes :))))

By Winsion

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 Ming T D W

Oct 19, 2016

Completely change my view!!

By gagan d

May 19, 2020

very well designed course.

By Jeremy T

May 02, 2020

Great learning experience.