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

4.9
stars
1,047 ratings
282 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.

AK

Nov 18, 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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226 - 250 of 278 Reviews for Economics of Money and Banking

By Adam T

Oct 16, 2016

Very comprehensive

By 王星 [

Sep 04, 2017

Thanks very much!

By PETER K

Aug 20, 2017

Excellent course.

By Ivan L

Jul 02, 2019

Excelente curso.

By Jean-Charles G

Apr 29, 2019

Very interesting

By Kaustubh T

Feb 16, 2019

so much to learn

By Shingo K

Apr 08, 2018

very insightful!

By Maduvha N

Oct 15, 2017

very informative

By MAURICIO W

Aug 02, 2017

Very interesting

By Hussain A

Nov 16, 2016

Excellent Course

By Савина О Д

Dec 23, 2018

Awesome course!

By 陈香

Oct 05, 2016

很熟悉的感觉,板书的老师很棒!

By Alexander

Mar 31, 2017

Astonishing!=)

By JOEL R V

Sep 14, 2020

superb course

By Jose M C

Dec 24, 2018

It was great!

By Sebas G

Apr 27, 2018

indispensable

By Alejandro J A

Jan 06, 2018

Excellent!!!!

By João P C d C

Jun 22, 2020

Baita curso!

By Saran P

Apr 14, 2018

Good course!

By George G

Jun 07, 2017

Excellent!!!

By Ariel A M G

Jul 18, 2020

good course

By Bolian C

Jan 02, 2017

Excellent!!

By Holger R

Sep 04, 2017

Very good.

By lingjie p

Mar 09, 2017

wonderful!

By Zaza G

Aug 13, 2020

Excellent