Chevron Left
Back to Economics of Money and Banking

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

1,442 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


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.


May 28, 2020

The "Economics of Money and Banking" course provided an inspiring look on the modern international finance system. Definitely, recommending it for both newcomers and already experienced students.

Filter by:

326 - 350 of 381 Reviews for Economics of Money and Banking

By Josemartin C

Dec 24, 2018

It was great!

By Sebas G

Apr 26, 2018


By Alejandro A

Jan 5, 2018


By João P C d C

Jun 21, 2020

Baita curso!

By Saran P

Apr 14, 2018

Good course!

By George G

Jun 7, 2017


By Ariel A M G

Jul 18, 2020

good course

By Bo-Lian C

Jan 1, 2017


By Thaumaturge I

Aug 23, 2022


By Deleted A

Sep 9, 2021

Great job!

By Grigoris K

Nov 21, 2020


By Holger R

Sep 4, 2017

Very good.

By 彭小杰

Mar 8, 2017


By Luis R I

Dec 23, 2022


By Ferdous B

Dec 5, 2022


By Mohamed A R

Oct 26, 2020

very nice

By Zaza G

Aug 13, 2020


By Javier N

Sep 9, 2017


By Evaldas J

Nov 24, 2021


By Otar K

May 5, 2017


By aditya a t 1

Nov 7, 2022


By Ziqi C

Jul 11, 2021


By Taras V

Jan 17, 2018






By Vinutha V 2

Mar 18, 2023